Gold soared as much as 2.8% on Monday to its highest level in seven years, as in...
- Gold soared as much as 2.8% on Monday to its highest level in seven years, as investors worried about global economic growth in the face of sharply rising coronavirus cases outside China.
“The concern is not about the virus precisely, it is from the economic standpoint. The Dow Jones is down about 1,000 points, the bond yields are also lower.” The World Health Organization said it was worried about the growing number of cases without any clear link to China. Investors' fears over the virus outbreak triggered a wide sell-off in equity markets. The Dow Jones industrialsIn Europe, markets had their biggest daily declines since mid-2016. [MKTS/GLOB]
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