Safe-Haven Assets Rally as China Virus Cases Spike

Safe-Haven Assets Rally as China Virus Cases Spike
Traders work on the floor of the New York Stock Exchange shortly after the opening bell in New York on Feb. 6, 2020. Reuters/Lucas Jackson
Tom Ozimek
Updated:

Safe-haven assets like gold and the Japanese yen rallied, while stocks suffered a pullback across the globe after China reported a sharp spike in the number of new coronavirus cases.

The euro fell to a 4 1/2-year low against the Swiss franc on Thursday and the yen strengthened as a wave of risk-off sentiment washed over investors.

Tom Ozimek
Tom Ozimek
Reporter
Tom Ozimek is a senior reporter for The Epoch Times. He has a broad background in journalism, deposit insurance, marketing and communications, and adult education.
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