Strong equity performance globally resulted in a major selloff in gold. The global rally in equities began last night in China. The underlying factor was action by China’s central bank.
Recent Reports
On Sunday, February 2, China’s National Health Commission released its latest figures of the novel coronavirus.
Today the markets reacted fearfully to the ongoing coronavirus outbreak resulting in deep declines U.S. equity indexes, while being highly supportive of the safe haven asset group including gold and silver.