Markets

Stocks Lose Ground, Gold Shines Ahead of US Elections and Fed Decision on Interest Rates

Stocks Lose Ground, Gold Shines Ahead of US Elections and Fed Decision on Interest Rates
Gold is up 33.14 percent year to date, beating the S&P 500, which is up 20.10 percent over the same period. whiteMocca/Shutterstock
Panos Mourdoukoutas
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News Analysis

U.S. stocks lost ground for another week on rising bond yields and growing uncertainty over next week’s U.S. elections and Fed meeting, while gold continues to shine.

Panos Mourdoukoutas
Panos Mourdoukoutas
Author
Panos Mourdoukoutas is a professor of economics at Long Island University in New York City. He also teaches security analysis at Columbia University. He’s been published in professional journals and magazines, including Forbes, Investopedia, Barron's, IBT, and Journal of Financial Research. He’s also the author of many books, including “Business Strategy in a Semiglobal Economy” and “China's Challenge.”