Gold investment has drawn renewed interest in Korea as international bullion prices rebound while domestic stocks sold off sharply following the Democrats’ capture of both chambers of Congress in the U.S. midterm elections. The election outcome raised expectations that Congress could curb President Donald Trump’s plans to expand fiscal spending, putting downward pressure on U.S. Treasury yields and the dollar. Lower yields make gold, which pays no interest, more attractive, while a weaker dollar makes it cheaper for buyers using other currencies. The domestic spot price of gold closed at 176,690 won ($130) per gram Friday, according to the Korea Exchange. Although slightly lower than the previous session, it remained 4.53 percent above its Nov. 2 level. The modest decline followed a 2.64 percent gain Thursday, when gold finished at 178,460 won per gram, up 5.58 percent from Nov. 2. In contrast, KOSPI and Kosdaq fell 6.02 percent and 5.03 percent, respectively, Friday, extending Thursday’s losses of 5.28 percent and 5.11 percent. Retail prices also climbed. A don of pure gold, a tradi