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Gold after the 2026 midterm elections

In the midterm elections of 3 November 2026, Democrats won control of the House and the Senate (projected; control changes 3 January 2027). Gold's twelve-month change after this midterm is not yet available; after the 13 previous midterms since 1974 gold was higher twelve months on 8 times, with an average change of +13.7%.

Gold higher 12 months on
8 of 13
midterms 1974 to 2022
Average change
+13.7%
13 midterms
2026
open
12 months on: Nov 2027
Trump II · R$3,309$4,165$5,020May 2025Oct 2026

In context

Donald Trump (R) was president, and the president's party held both chambers going in.

Control changes on 3 Jan 2027, when the new Congress is sworn in; the chart's House and Senate bands follow with that month's data.

The first monthly reading, November 2026, comes with the December release; twelve months on is November 2027.

Projected, called 4 Nov 2026. The record stores which party controls each chamber, not seat counts.

Monthly average prices in U.S. dollars per troy ounce (Kitco.com and the World Bank Pink Sheet), from the last full month before a period to its last full month; the record runs Feb 1971 to Oct 2026. What the record did, not a forecast. Source: apnews.com.

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Updated Oct 2026 · record through Oct 2026