from 21st Century Wire:
Prices of precious metals plunged this week again, as investors flee reserve stores in favor of cash in the wake of extreme market volatility due to panic selling over fears uncertainty due to the coronavirus epidemic.
Gold fell below $1,455 an ounce on this morning, down from a high $1,560 over the weekend. Today’s loss was the biggest single day price drop since 1983.
In the US, the Federal Reserve attempted to calm market doomsday predictions by implementing an emergency stimulus package which has including slashing interests to near 0% in the hopes of revitalizing market activity and investor confidence.