Financial Markets Tumbled amid Risk Aversion. Gold Resilient
BonTradeFears of slowdown in global economic growth triggered selloff risky assets. Wall Street tumbled with DJIA losing -2.6% and S&P sliding -3.1%. The latter breached the key support level of 1040.78, confirming resumption of medium-term downtrend. European bourses also plummeted with all major indices falling more than -3%. Concerning the commodity sector, crude oil slumped as the broad market sentiment deteriorated sharply.
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Financial Markets Tumbled amid Risk Aversion. Gold Resilient
