Coronavirus and the Markets | Impact on Gold, Oil, Stocks in Feb 2020
With one of the leading news headlines being the corona virus in 2020, traders are worried what impact it will have on the stockmarket – and rightfully so. What do the corona virus and the stockmarkets have in common, you might say? Well, as it has already become painfully apparent – a lot.
In fact, the dreaded corona virus and the markets have already clashed in a very foreboding way. Asset prices have been dragged down from their record highs earlier this week, and this worrying dynamic between the corona virus and oil and other stocks doesn’t seem to be slowing down. And if we compare this outbreak to that of SARS back in 2003, the corona virus and oil correlation, for instance, is looking a whole lot worse.
The gold price analysis, on the other hand, has never looked better. Contrary to pretty much everything else on the market, the coronavirus and gold price dynamic is quite favorable for investors. Prices, as a matter of fact, are soaring and the overall gold price forecast for the near future is stellar.
Watch the full video to see how the corona virus and forex development is going. And don’t forget to like, comment and share! If you’re new here, subscribe to the Capital.com channel for more content on trading and the stockmarkets.
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