NEW YORK: Stock markets spiraled downwards around the globe as investors fretted over the rising chances that maverick tycoon Donald Trump could win the US presidency in next week’s election.

Leading equity markets in Asia and Europe tumbled more than one percent on Wednesday, while the broad-based S&P 500 also pulled back, along with the dollar. Gold prices, seen as refuge in times of uncertainty, continued to climb, adding 0.8 percent to $1,297 an ounce.

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