GOLD PRICES, YEN, STOCKS, CORONAVIRUS, IRAQ - TALKING POINTS:Gold prices, Yen increased as coronavirus outbreak fears warmth upRo
GOLD PRICES, YEN, STOCKS, CORONAVIRUS, IRAQ – TALKING POINTS:
- Gold prices, Yen increased as coronavirus outbreak fears warmth up
- Rockets goal US forces in Iraq, compounding downbeat temper
- S&P 500 futures trace markets more likely to stay underneath strain
Gold costs tracked increased haven demand lifted Treasuries and drove yields decrease, boosting the attraction of non-interest-bearing options. The sometimes anti-risk Japanese Yen and Swiss Franc rose in tandem. The US Dollar additionally discovered assist because the traders’ pivot to “money out” – that’s, cut back publicity to cycle- and sentiment-sensitive belongings – drove demand for its unequalled liquidity.
These strikes construct on the downbeat tone of Friday’s world buying and selling day, as expected. Markets are rising more and more anxious about an economically disruptive coronavirus epidemic amid studies of sufferers recognized with the ailment throughout broadening distances from the epicenter in Wuhan, China. For context, the 2003 SARS outbreak is estimated to have value USD 30-100 billion in whole losses.
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Swelling tensions within the Center East are compounding the dour temper. 5 rockets reportedly have been reported fired on the so-called Inexperienced Zone in Baghdad, Iraq on Sunday. One rocket struck the US Embassy instantly, in line with Bloomberg Information. Iran-backed militias have stepped…