Chart of the week: Growth fears on the rise

Safety sought in gold

Investors have switched into defensive equities, and flocked to safe havens such as gold, US dollars and Treasury bonds amid the spread of the coronavirus. This is on the back of a good end to 2019 for gold, as dropping government bond yields made the metal a more attractive hedge against economic and geopolitical uncertainty. Prices will likely continue to be heavily influenced by unpredictable developments in the effort to contain the coronavirus. You can read more on the latest developments in Review of the Week, and look out for an update in the next weekly update.

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