Financial Times/Katie Martin, Philip Georgiadis, Richard Henderson and Hudson Lockett/2-27-2020
“US and European stocks slumped into correction territory on Thursday as pressure grew on the Federal Reserve and other central banks to cut rates in response to the economic disruption created by the spread of the coronavirus.”
USAGOLD note: You can add Asian stocks to FT’s list as well. The chart below shows the Dow, Germany’s DAX, Britain’s FTSE and Japan’s Nikkei year-to-date – all showing notable losses in percentage terms. We threw in the gold trend line for comparison purposes. As you can see, gold is running contrary to stocks overall so far this year as money flows from risk assets into safe havens.
Chart courtesy of Trading View
