Gold held near its highest since early 2012 at US$1,773 an ounce. FMTNews Covid19
LONDON: World shares hit two-week lows and oil fell nearly 2% on Monday as the relentless spread of the coronavirus curbed optimism on the global economy, prompting investors to take shelter in safe-haven bonds and gold.
MSCI’s world shares index was off 0.2%, hitting its lowest level since June 15 dragged down by Japan’s Nikkei shedding 2.2% and Chinese blue chips off 0.9%. E-Mini futures for the S&P 500 were up 0.1%. It had less luck on Monday, easing back to 107.18 yen, though it remained well within the recent range of 106.06 to 107.63. The euro stood at US$1.1245 having found solid support around US$1.1167.
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