Fears of a coronavirus pandemic sent the markets into a tailspin on Monday with all three major indexes registering heavy losses. Additionally, oil dropped by 4%, and the European equities markets had their worse performing day since mid-2016. In contrast, gold – traditionally a safe haven asset – notched a seven-year high, while the CBOE Volatility Index (VIX), the Street’s fear gauge, shot up by over 46%.The virus has now spread further afield, with the death toll rising to seven in Italy and dozens of deaths reported in Iran. Amidst all the chaos, the search is on to find a …read more
Source:: Yahoo Finance
