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Gold Investors Rocked by Wipeout, Seek Firmer Footing After Vote

Bloomberg Markets Monday 02 November 2026, 15:06 UTC By Yvonne Yue Li 1 min read
Key Points

EXCLUSIVE Gold Investors Rocked by Wipeout, Seek Firmer Footing After Vote As gold heads toward its worst annual loss in more than a decade, investors are gauging the odds a political shift in the US will restore the precious metal’s haven allure. Usually, bullion is a safe place to hide during periods of persistent global friction, but after starting the year with a momentum-fueled ride to a record of over $5,500 an ounce, gold now trades below $4,000. The artificial intelligence investment...

EXCLUSIVE Gold Investors Rocked by Wipeout, Seek Firmer Footing After Vote As gold heads toward its worst annual loss in more than a decade, investors are gauging the odds a political shift in the US will restore the precious metal’s haven allure. Usually, bullion is a safe place to hide during periods of persistent global friction, but after starting the year with a momentum-fueled ride to a record of over $5,500 an ounce, gold now trades below $4,000. The artificial intelligence investment boom, soaring bond yields and interest rate-hike expectations have pummeled the yellow metal, sending it down more than 8% so far in 2026.
Wipeout (LOCATION) US (LOCATION)
Originally published by Bloomberg Markets Read original →

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