The stock market embraced the weakest one-week performance since the financial crisis last week on the back of growing concerns of the continued spread of the coronavirus across the globe. Despite the risk off-moves, gold was lower by more than 3% last week, which is historically unusual during these types of movements. There are a few potential reasons for the weakness.
Gold Focus: Items tagged with "risk management"
Gold has long been recognised as a safe haven, an asset that investors seek out for protection and security during uncertain times... That certainly seems to have been borne out over the last week, with gold reaching a seven-year high.