Why did gold prices drop so sharply after the 2020 U.S. presidential election?
By afsalsanu20
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Category: Daily News
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Description
Gold, traditionally seen as a safe haven asset, tends to perform well during times of uncertainty—whether that’s political upheaval, economic crises, or global instability. But after the 2020 U.S. election, we saw something a bit unexpected: a sharp decline in gold prices. This left many scratching their heads. So, what was behind this drop? Was it the election results? Or was there something else at play in the markets?
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Before we dive into the specifics of what happened in 2020, let’s quickly review why gold is often considered a safe haven investment.
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Nov 07, 2024 |