|02 February, 2020

Sunday Outlook: Shares slump, gold gains, oil slides on epidemic fears

Safe haven currencies rise; World share index heads for worst month since August

A woman wearing a mask checks her mobile phone in Shanghai, China January 29, 2020.

A woman wearing a mask checks her mobile phone in Shanghai, China January 29, 2020.

REUTERS/Aly Song

Zawya brings you all the latest news and insights relevant to Middle East and global investors in equities, commodities and currencies.

Shares slump on China virus economic concerns, gold gains
U.S., European equity markets fall more than 1%

Gold gains on epidemic fears, eyes best month in five
Spot gold rose 0.4% to $1,580.07 per ounce by 1324 GMT

Safe-haven yen, Swiss franc rise on fears of virus impact
Offshore yuan stabilizes after breaching 7 per dollar

Oil slides as virus outbreak shakes economic growth predictions
Brent crude fell 13 cents to settle at $58.16 a barrel and was down about 4% on the week


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