Investors flee Wall Street, seek shelter in bond and gold

Investors flee Wall Street, seek shelter in bond and gold

The Edge Markets - World·2020-03-07 01:11

NEW YORK (March 6): US stock markets tanked and the Dow Jones Industrials shed more than 800 points on Friday, as the global tally of coronavirus infections surpassed 100,000 and jittery investors took cover in the perceived safety of bonds and gold.

The outbreak, which spread to four new US states on Thursday, has crippled supply chains and prompted a sharp cut to global economic growth forecasts for 2020.

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