Gold and bonds failed to protect investors in the face of market meltdown


Investors found few places to hide when stocks fell this week, illustrating the limits of traditional havens following soaring market prices.

Lockdowns in Europe and the rise in coronavirus cases and the lack of agreement on a second round of government stimulus in the United States has shaken confidence in the global economic recovery, putting the S&P 500 on track for its worst week since March. Government debt and gold, which many investors own in the hopes of zigzagging when stocks zag, have not acted as security…


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