Tightening polls just a week before the US presidential election sent tremors through financial markets yesterday, as investors rethought their long-held bet on a Hillary Clinton victory.
The Vix index, a measure of expected US stock market volatility known as Wall Street’s “fear gauge”, neared highs last seen in the aftermath of the UK’s vote to leave the EU this summer.
Gold, regarded as the ultimate haven, rose sharply while the Mexican peso — a barometer of election sentiment because of Donald Trump’s pledge to build a wall along the US’s southern border — fell 2.1 per cent against the dollar in volatile trading.
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