Gold Is Up 4% Since Midterms: Here’s Where Markets Think The Precious Metal Prices Are Headed
Published . Updated .
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Gold and silver have found fresh momentum following the U.S. midterm elections, with spot gold up about 4% and spot silver up more than 5%, but investors are getting mixed signals about how much room is left for precious metals to rally further.While Goldman Sachs has lowered
Directly affected
- GS Goldman Sachs Group+0.6% 30d
Named in this report.
Indirectly affected
- GLD SPDR Gold Shares-4.7% 30d
SPDR Gold Shares: it follows gold or gold miners. Linked by “gold” (gold) in this story.
- GDX VanEck Gold Miners ETF-12.0% 30d
VanEck Gold Miners ETF: it follows gold or gold miners. Linked by “gold” (gold) in this story.
- SLV iShares Silver Trust-25.0% 30d
iShares Silver Trust: it follows the silver price. Linked by “silver” (silver) in this story.
- PICK iShares MSCI Global Metals & Mining Producers ETF-8.1% 30d
iShares MSCI Global Metals & Mining Producers ETF: it holds metals and mining companies. Linked by “metals” (metals & mining) in this story.
- NEM Newmont-13.0% 30d
Newmont (gold and silver ores): gold miners' profits move with the gold price. Linked by “gold” (gold) in this story.
- AEM Agnico Eagle Mines-8.5% 30d
Agnico Eagle Mines (gold and silver ores): gold miners' profits move with the gold price. Linked by “gold” (gold) in this story.
- CDE Coeur Mining-20.7% 30d
Coeur Mining (gold and silver ores): gold miners' profits move with the gold price. Linked by “gold” (gold) in this story.
- WPM Wheaton Precious Metals-22.5% 30d
Wheaton Precious Metals (gold and silver ores): gold miners' profits move with the gold price. Linked by “gold” (gold) in this story.
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| GS | +3.78% | +7.21% | base | after close | after close | after close | after close |
| GLD | -2.94% | -0.03% | base | after close | after close | after close | after close |
| GDX | -9.60% | -3.44% | base | after close | after close | after close | after close |
| SLV | -2.78% | +0.60% | base | after close | after close | after close | after close |
| PICK | +2.61% | +3.13% | base | after close | after close | after close | after close |
| NEM | -9.75% | -2.27% | base | after close | after close | after close | after close |
| AEM | -11.08% | -4.25% | base | after close | after close | after close | after close |
| CDE | -13.93% | -5.75% | base | after close | after close | after close | after close |
| WPM | -12.58% | -3.50% | base | after close | after close | after close | after close |
Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.
Gold Is Up 4% Since Midterms: Here’s Where Markets Think The Precious Metal Prices Are Headed TradingView
Source: TradingView
The price since 9 Nov 2026: Spdr Gold Trust (GLD) versus the S&P 500
| Company | When | Move | Status |
|---|---|---|---|
| Agnico Eagle Mines (AEM) | three days earlier | -4.25% | final price |
| Agnico Eagle Mines (AEM) | five days earlier | -11.08% | final price |
| CDE | three days earlier | -5.75% | final price |
| CDE | five days earlier | -13.93% | final price |
| Vaneck Etf Trust (GDX) | three days earlier | -3.44% | final price |
| Vaneck Etf Trust (GDX) | five days earlier | -9.60% | final price |
| Spdr Gold Trust (GLD) | three days earlier | -0.03% | final price |
| Spdr Gold Trust (GLD) | five days earlier | -2.94% | final price |
| GS | three days earlier | +7.21% | final price |
| GS | five days earlier | +3.78% | final price |
| Newmont (NEM) | three days earlier | -2.27% | final price |
| Newmont (NEM) | five days earlier | -9.75% | final price |
| PICK | three days earlier | +3.13% | final price |
| PICK | five days earlier | +2.61% | final price |
| SLV | three days earlier | +0.60% | final price |
| SLV | five days earlier | -2.78% | final price |
| Wheaton Precious Metals (WPM) | three days earlier | -3.50% | final price |
| Wheaton Precious Metals (WPM) | five days earlier | -12.58% | final price |
Trades by members of Congress and officials in the stocks in this story
- Rep. Maria Elvira Salazar sold Goldman Sachs Group (GS), worth $1,001 - $15,000 on 24 Sep 2026. That is 46 days before publication. Filed 7 Oct 2026. View the filing.
- Rep. Michael Rulli bought Goldman Sachs Group (GS), worth $1,001 - $15,000 on 3 Sep 2026. That is 67 days before publication. Filed 2 Oct 2026. View the filing.
- Rep. Gilbert Cisneros bought Goldman Sachs Group (GS), worth $1,001 - $15,000 on 26 Aug 2026. That is 75 days before publication. Filed 10 Sep 2026. View the filing.
- Donald J Trump, an executive branch official, bought Newmont (NEM), worth $1,001 - $15,000 on 24 Aug 2026. That is 77 days before publication. Filed 8 Oct 2026. View the filing.
- Rep. Gilbert Cisneros bought Wheaton Precious Metals (WPM), worth $1,001 - $15,000 on 26 Aug 2026. That is 75 days before publication. Filed 10 Sep 2026. View the filing.
Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).
Who gains and who loses around Spdr Gold Trust (GLD)
Companies carried with this story
- GLD Spdr Gold Trust
In “Gold Is Up 4% Since Midterms: Here’s Where Markets Think The Precious Metal Prices Are Headed,” Spdr Gold Trust (GLD) is linked, with no stored direction, medium confidence. Reason on file: SPDR Gold Shares: it follows gold or gold miners. Linked by “gold” (gold) in this story
- GDX Vaneck Etf Trust
Vaneck Etf Trust (GDX) is linked, with no stored direction, medium confidence in the 9 Nov 2026 story “Gold Is Up 4% Since Midterms: Here’s Where Markets Think The Precious Metal Prices Are Headed.” Reason on file: VanEck Gold Miners ETF: it follows gold or gold miners. Linked by “gold” (gold) in this story
- NEM Newmont
For “Gold Is Up 4% Since Midterms: Here’s Where Markets Think The Precious Metal Prices Are Headed,” Newmont (NEM) is linked, with no stored direction, medium confidence. Reason on file: Newmont (gold and silver ores): gold miners' profits move with the gold price. Linked by “gold” (gold) in this story
- WPM Wheaton Precious Metals
Wheaton Precious Metals (WPM) is linked, with no stored direction, medium confidence in the 9 Nov 2026 story “Gold Is Up 4% Since Midterms: Here’s Where Markets Think The Precious Metal Prices Are Headed.” Reason on file: Wheaton Precious Metals (gold and silver ores): gold miners' profits move with the gold price. Linked by “gold” (gold) in this story
- AEM Agnico Eagle Mines
For “Gold Is Up 4% Since Midterms: Here’s Where Markets Think The Precious Metal Prices Are Headed,” Agnico Eagle Mines (AEM) is linked, with no stored direction, medium confidence. Reason on file: Agnico Eagle Mines (gold and silver ores): gold miners' profits move with the gold price. Linked by “gold” (gold) in this story
- GOLD Gold.com
For “Gold Is Up 4% Since Midterms: Here’s Where Markets Think The Precious Metal Prices Are Headed,” Gold.com (GOLD) is linked, with no stored direction, medium confidence. Reason on file: Gold.com (jewelry, watches, precious stones and metals): gold miners' profits move with the gold price. Linked by “gold” (gold) in this story
Spdr Gold Trust (GLD)
“Gold Is Up 4% Since Midterms: Here’s Where Markets Think The Precious Metal Prices Are Headed” (9 Nov 2026) reaches Spdr Gold Trust (GLD) through this story.
What ties Spdr Gold Trust (GLD) to the headline is this: SPDR Gold Shares: it follows gold or gold miners. Linked by “gold” (gold) in this story
A second company, Vaneck Etf Trust (GDX), is listed for a different reason: VanEck Gold Miners ETF: it follows gold or gold miners. Linked by “gold” (gold) in this story
Dates and price levels for Spdr Gold Trust (GLD)
GDX traded between 78.92 and 89.70 across 20 sessions. The latest close on file is 83.13. GLD traded between 373.41 and 385.21 across 16 sessions. The latest close on file is 379.67. NEM traded between 104.52 and 120.03 across 20 sessions. The latest close on file is 107.45.
What the saved facts support for Spdr Gold Trust (GLD)
46 out of 100
“Gold Is Up 4% Since Midterms: Here’s Where Markets Think The Precious Metal Prices Are Headed” scores 46 out of 100. The score uses 1 sources, and 6 linked companies.