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Gold price surges after U.S. midterms, $4,050 is key technical level, IG Bank notes

Gold price surges after U.S. midterms, $4,050 is key technical level, IG Bank notes
Gold price rises after U.S. midterms

Gold prices have jumped following the U.S. midterm elections, with IG Bank identifying $4,050 as the key technical test.

Peter Spina, CEO at GoldSeek.com, reported the development.

UBS recently reiterated its gold price forecast of $5,000 for 2027, while a Reuters survey cited a median target of $4,650 over the same period, according to a previous report. Peter Spina has also highlighted silver's current value, noting limited downside and rising mining costs in a recent analysis. These projections frame the current uptick in precious metals after the U.S. midterms.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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