Commodities split violently this week. Oil is heading for its worst weekly fall since April 2020, down roughly 20% for the week, while gold is holding near $4,124 an ounce after its biggest daily rally since August. One market is pricing in peace; the other is pricing in a weaker dollar and lower yields. Both moves trace back to the same event: the US midterm elections.
Brent crude, the global...
