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Create AccountS&P 500 down more than 4% overnight
06 February 2018
U.S. stocks plunged the most in 6 1/2 years, with the Dow Jones Industrial Average sinking more than 1,100 points, and the S&P 500 down more than 4% overnight, amid rising concern that inflation will force interest rates higher. Treasuries rallied and gold rose on safe haven demand. The AUD suffered too, pushing spot gold in AUD back above $1,700 per ounce.
It seems investors risk appetite has hit a peak recently with the crypto market going through a huge burst on the latest exponential rise, Gold is proving itself once again as the only true safe haven asset in times of market volatility.
More on last night's sell off in equities can be found here.
It seems investors risk appetite has hit a peak recently with the crypto market going through a huge burst on the latest exponential rise, Gold is proving itself once again as the only true safe haven asset in times of market volatility.
More on last night's sell off in equities can be found here.
