Bloodbath in Asian Stock Markets Catapults Gold Higher in Early Trading

from King World News

Japan’s Nikkei stock market plunged 3.5 percent and China’s Shanghai stock market tumbled more than 3.2 percent, while China’s other stock market, the Shenzhen Index, collapsed nearly 4.5 percent.

Weak Stock Markets Accelerates Flight To Gold

There was weakness elsewhere in Asian stock markets and this sent money flowing into the gold market as gold surged on worries that global stock markets may finally get hit hard.

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