Gold Hedging Stock Market Crash: Euro Stoxx -6%, FTSE -5.7% and DAX -5.6%


◆ Stock markets around the world are collapsing today as the financial and economic implications of the impact of the pandemic on already massively indebted companies and governments is realised.

◆ Investors are liquidating en masse risk assets from equities to industrial commodities, while gold has held its ground.

◆ The FTSE 100 is down 5.8% in early trade, while Frankfurt’s DAX 30 plunged 6.8% the CAC 40 tumbled 6.5% and Dublin’s ISEQ index collapsed another 7.5%.

◆ Asian stock markets, already after having seen massive falls this year, crashed even further. The Nikkei in Tokyo ended down 4.4%, while Australia’s ASX lost 7.4%, the ASX 200’s worst day since the 2008 financial crisis.

Hong Kong closed down 4.4%, while Singapore, South Korea and Indonesia each lost more than 3%; India tanked more than 6% and Thailand more than 8%.

◆ The Dow Jones Industrial Average has collapsed into a bear market, ending a historic bull run and the S&P and Nasdaq look set to follow, as massive disruption to the global economy from the coronavirus pandemic intensifies, with the U.S. announcing that it’ll suspend travel from Europe to battle the outbreak.

◆ Gold is flat at $1,640/oz after slight falls yesterday and looks to be consolidating after the very strong gains seen last week and a 7% gain since the start of the year.

◆ Investors await the ECB’s policy moves today amid a stock market collapse and market mayhem the likes of which we have not seen since 2008 and 2009. Radical ultra loose, ‘bazooka’ style monetary measures are expected and these will support gold in the short term and lead to strong gains in the medium and long term.

◆ Fiscal deficits are set to surge higher and money supply growth will surge globally which is bearish for currencies and government bonds and bullish for gold.

◆ Prudent investors continue to diversify into gold in this time of crisis and we are seeing very strong demand for gold coins and bars, with investors continuing to favour storing gold in our specialist gold vaults in Zurich.



NEWS & COMMENTARY

Gold Holds the Line in ‘Time of Crisis’ as Disruption Spirals

Gold prices ease as investors cover margins

Gold falls for a second session to mark lowest finish in over a week

U.S. closed-end high-yield bond funds fall

Dow drops 1,400 points and is on pace to close in a bear market, down 20% from its record

World Health Organization describes coronavirus outbreak as pandemic

Saudi Arabia unveils plans to maximize oil output, escalating a price war with Russia





GOLD PRICES (USD, GBP & EUR – AM/ PM LBMA Fix)

11-Mar-20 1662.50 1653.75, 1284.78 1279.01 & 1468.65 1462.25
10-Mar-20 1657.40 1655.70, 1269.40 1273.23 & 1460.00 1455.86
09-Mar-20 1676.60 1672.50, 1280.75 1272.94 & 1469.04 1462.10
06-Mar-20 1687.00 1683.65, 1296.80 1290.85 & 1490.13 1484.31
05-Mar-20 1647.45 1659.60, 1274.47 1284.70 & 1474.63 1482.69
04-Mar-20 1644.80 1641.85, 1286.73 1281.63 & 1475.06 1477.83
03-Mar-20 1599.05 1615.50, 1249.98 1260.25 & 1438.03 1446.03
02-Mar-20 1609.70 1599.65, 1258.79 1251.41 & 1451.47 1437.29
28-Feb-20 1626.35 1609.85, 1262.37 1254.88 & 1474.61 1468.18
27-Feb-20 1646.60 1652.00, 1278.58 1282.45 & 1505.32 1504.97




Financial Contagion – What Are The Risks?



Receive Our Award Winning Market Updates In Your Inbox – Sign Up Here



Mark O'Byrne

Also on news-goldcore-com

Videos

Gold Mining Operation Supply Issues Points to a Sustained Bull Market for Gold

What could send gold to $5000 per ounce?

Is it Good to Buy Gold Now?

Blog posts

Gold to Gain Momentum in 2021 – Here’s Why

Big ideas are like supertankers filled with oil; both take forever to get moving. The move from one state to another is a boring form of entertainment. However, each is impossible to stop once the momentum has built. Substantial progress can be seen over a period of time and one can notice and understand the […]

READ MORE

New Video: Dominic Frisby -Why Now is a Good Time to Buy Gold

This week’s guest on GoldCore TV is financial writer, author, and comedian Dominic Frisby who joins Dave Russell to discuss financial markets, inflation and why now is gold and silver’s time to shine… Watch the Video to Learn More Make sure you don’t miss a single episode… Subscribe to our YouTube channel. Gold to hit $3,000, […]

READ MORE

Will Gold and Silver Surge to New Highs in 2021?

Gold has clearly broken out to the upside in recent days and silver is rallying along with it! Gold has pushed past its 200-day moving average and broke upwards through the downtrend line. The gold price has risen 12% in US dollar terms from the year-to-date low set on March 30, 2021, of US$1683.95 to […]

READ MORE

Featured

Gold posts its first loss in 11 sessions as Trump’s speech ebbs Iran war worries

READ MORE

China and Russia Are Buying Gold and They Don’t Care How Much It Costs

READ MORE

Gold Is Overvalued in Short-Term, Says Goldcore’s O’Byrne

READ MORE
Newsletter
Category
Archives
Popular

No posts available

Videos

Gold Mining Operation Supply Issues Points to a Sustained Bull Market for Gold

What could send gold to $5000 per ounce?

Is it Good to Buy Gold Now?

Blog posts

Gold to Gain Momentum in 2021 – Here’s Why

Big ideas are like supertankers filled with oil; both take forever to get moving. The move from one state to another is a boring form of entertainment. However, each is impossible to stop once the momentum has built. Substantial progress can be seen over a period of time and one can notice and understand the […]

READ MORE

New Video: Dominic Frisby -Why Now is a Good Time to Buy Gold

This week’s guest on GoldCore TV is financial writer, author, and comedian Dominic Frisby who joins Dave Russell to discuss financial markets, inflation and why now is gold and silver’s time to shine… Watch the Video to Learn More Make sure you don’t miss a single episode… Subscribe to our YouTube channel. Gold to hit $3,000, […]

READ MORE

Will Gold and Silver Surge to New Highs in 2021?

Gold has clearly broken out to the upside in recent days and silver is rallying along with it! Gold has pushed past its 200-day moving average and broke upwards through the downtrend line. The gold price has risen 12% in US dollar terms from the year-to-date low set on March 30, 2021, of US$1683.95 to […]

READ MORE

Featured

Gold posts its first loss in 11 sessions as Trump’s speech ebbs Iran war worries

READ MORE

China and Russia Are Buying Gold and They Don’t Care How Much It Costs

READ MORE

Gold Is Overvalued in Short-Term, Says Goldcore’s O’Byrne

READ MORE