Business
Gold falls to lowest price in a year despite Middle East tensions
Gold prices dropped to a one-year low even amid concerns about potential Middle East attacks after U.S. midterms.
Ibex73 / CC BY 4.0, via Wikimedia Commons
Gold prices declined to their lowest level in a year, according to MarketWatch.
This drop occurred despite renewed concerns about possible fresh attacks in the Middle East following the U.S. midterm elections held on Tuesday.
The expectation might have been for gold, a safe-haven asset, to rise amid geopolitical jitters, but instead it fell.
MarketWatch reported that the price movement reflects complex market dynamics beyond just geopolitical risk.
Sources
- MarketWatch Top Stories: Why gold plunged to its lowest price in a year despite renewed Iran jitters
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