Post as promised… and I was asked to provide some more information on this assertion I made below. On Sunday I made a comment on Adam's post The normal playbook is that in times of crisis, buy gold. However, although that is generally true ,i. In these instances gold sells off. 

SCMP reports on the matter The more and the longer this happens, expect that to weigh further on the global economy. In the longer term, restrictions like these will have a deeper impact on consumer sentiment for the travel and tourism industry worldwide.

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Comments by UK health minister, Matt Hancock – Decisions have not been taken on further measures – Nothing is off the table yet, don't want to prejudge the situation ForexLive

The risk-off mood stays the course to start the European morning – Eurostoxx -2.4% – Germany DAX -4.7% – France CAC 40 -3.2% – UK FTSE -2.0% – Spain IBEX -3.5% ForexLive

Kyodo News reports on the matter That said, even a postponement will deal a serious blow to Japan due to the costs of scheduling and organising everything to fall into place this summer.

<p>Ifo institute warned that the coronavirus pandemic could cost Germany’s economy between EUR 255B and EUR 729B. President Clemens Fuest said such costs would “exceed everything known in Germany from economic crises or natural disasters in recent decades. ” And, “depending on the scenario, the economy shrinks by 7.2 t

The dollar starts to claw back earlier losses on the day ForexLive EUR/USD is back down to near 1.0700 after touching a high of 1.0769 earlier as the dollar is gaining some traction across the board to start the session.

Gold is down by 0.8% on the day currently Price is now down by 0.8% and back under the 200-day MA @ $1,504.04 as gold is unable to capitalise on the mixed mood in the dollar today.

Crude oil prices remain in the doldrums as state after state announces drastic forced reductions in social and economic activity. Meanwhile the deadline for past production cuts to end gets closer.