Gold prices are typically a safe haven in turbulent markets, but recently, they have fallen alongside U.S. stocks, with prices hitting a one-week low of $4,094.20 an ounce on Friday. The S&P 500 and bitcoin also closed lower, sparking concerns about the broader economy’s health.
The correlation between gold and the S&P 500 has been slightly positive in October and November, averaging close to zero throughout the year. In times of crisis, correlations tend to reach 1.0 as traders seek liquidity. Despite short-term fluctuations, gold’s long-term value as financial insurance has proven beneficial.
Read more at Yahoo Finance: Gold’s moves in ‘lockstep’ with U.S. stocks could point to a brewing market danger
