Gold plunged on Friday to its lowest level in a year despite fears of renewed Middle East turmoil following Tuesday’s U.S. midterm elections. The move runs counter to gold’s usual role as a safe-haven asset during geopolitical tensions. Gold and stocks fell together, a pattern analyst David Bartlett described as highly reminiscent of 2008. He said President Donald Trump’s second term has overturned several traditional safe-haven trading patterns involving gold, U.S. Treasurys and the dollar.
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