Stocks, Oil Prices Tumble As Gold Soars On Virus Fears
February 24, 2020
4:56 pm
World stock markets and oil prices were hammered Monday by fears of a coronavirus pandemic, while gold hit a seven-year peak on safe-haven buying, dealers said.
One of the hardest hit European markets was in Milan, which gave up 5.4 percent following reports of a fifth death in Italy amid the COVID-19 epidemic.
In northern Italy, villages have been sealed off and security measures enforced to stem the spread of the disease.
Traders’ screens flashed red across Europe meanwhile, with Frankfurt and Madrid falling by 4.0 percent, Paris shedding 3.9 percent and London losing 3.3 percent.
In midday New York …
