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Gold under pressure... markets await the results of the U.S. elections.

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3/11/2026 | 10:21 AM

Gold prices fell during trading on Tuesday after rising by more than 2% in the previous session, as markets await the results of the U.S. midterm elections and their potential impact on global markets.
The spot gold price dropped by 0.5% to $3926.52 per ounce by 03:53 GMT, while U.S. gold futures for December delivery fell by 0.8% to $3936.30 per ounce.
This decline follows gold's rise of more than 2% on Monday, recovering from its lowest level in a year, which was recorded last Friday.