Gold, meanwhile, is nearing $1,800 an ounce
European stocks fell the most in a week and U.S. futures slumped as a resurgence in virus cases around the world sharpened concern about the pace of the economic recovery.
Market sentiment is turning more negative on concern that the spreading coronavirus could force policy makers to slow the pace or reverse business re-openings. At the same time, there’s the potential for trade tensions to resurface between the Europe and the U.S.
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