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MarketWatch
There’s a simple reason that gold is falling along with coronavirus-afflicted global stocks
Gold prices have been acting a bit strange lately, with the haven metal plunging in the face of a dive in global stock markets hit by the spread of COVID-19 and its impact on the economy in China and around the world. The precious metal usually finds support as a drop in the stock market tends to lift the haven appeal of gold, with benchmark stock indexes in the U.S., Europe, Asia, Canada, the Middle East and Latin America suffering losses for the week. This time around, however, given the steep stock-market declines, gold has become the asset of choice among investors to generate cash.
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