Gold is commonly viewed as a safe haven investment and is often used as a hedge against currency issues or an equity downturn. The price of gold acts more as a currency than an commodity, as it usually moves more in correlation with fiat currencies than with other commodities.
Obama defeated Romney, winning both the popular vote and the electoral college, with 332 electoral votes to Romney's 206. He became the eleventh President and third Democrat to win a majority of the popular vote more than once.
Chilean presidential candidate Michelle Bachelet (C) celebrates after winning Chile's presidential elections, in Santiago, December 15, 2013. The once and future president of Chile, Michelle Bachelet, has made history as her landslide victory was the biggest in eight decades. The Socialist leader won 62 percent of the vote over her opponent, conservative Evelyn Matthei, whose 37 percent was the worst performance by the right-wing forces in two decades.