Dollar falls while gold and US Treasury bonds rally as markets react to Democrats’ midterm election victory – business live

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The dollar has hit a one-month low, US stock futures are down and gold rose after the Democrats won control of Congress, increasing expectations of tougher regulation of the AI sector.

US Treasuries rallied as fears around the fiscal outlook eased and investors sought the safety of bonds with the dollar falling.

Democrats regained control of the Senate and also triumphed in the House of Representatives, routing Republicans nationwide with historic victories that will give them powerful new leverage over Donald Trump for the remainder of his presidency.