(Bloomberg) — Gold rallied above $1,700 an ounce as a global rush into havens intensified, with the upswing driven by turmoil in the oil market, the spread of the coronavirus, sinking equities, and expectations of easier monetary policy as recession risks loom ever larger.The metal hit the highest since 2012 as Brent collapsed, futures on the S&P 500 Index sank, and the entire Treasury yield curve dipped below 1% for the first time. Investors have already driven holdings in bullion-backed exchange-traded funds to a record as the coronavirus hurt the outlook for growth.The traditional haven has sprinted higher this year, …read more
Source:: Yahoo Finance
