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.
On November 3, Bill Clinton won the election to serve as the 42nd President of the United States by a wide margin in the Electoral College, receiving 43% of the popular vote against Bush's 37.5% percent and Perot's 18.9%.