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Gold futures rose above $4,000 an ounce overnight, trading at $4,043.70 as of about 3:39 a.m. Eastern on Wednesday, November 4, up 2.6 percent from Tuesday’s official settlement of $3,940.40, according to CME Group prices. The December contract rose as high as $4,048.80.
The jump came as Democrats won control of the House of Representatives in Tuesday’s midterm elections. Bitcoin traded up 2.4 percent at about $78,360 and ether up 3.2 percent at about $2,325, according to Coinbase market data.
Gold had settled down 0.7 percent on Tuesday after rising 1.8 percent on Monday.
JBizNews Desk | New York
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