Dow Plunges 400 Points as Haven Demand Fuels Gold & US Treasuries

From ccn.com

The Dow and broader U.S. stock market plunged anew on Monday, as threats to global economic health fueled a massive rally in haven assets like Treasuries and gold bullion. According to Goldman Sachs, bullion prices are heading higher over the next six months as U.S.-China trade tensions continue to erode risk sentiment. All of Wall Street's major indexes were trading sharply lower, mirroring a volatile pre-market for Dow futures. The Dow Jones Industrial Average plunged 398.18 points, or 1.51%, to 25,889.26. Twenty-nine of 30 index members were in the red. The broad S&P 500 Index of large-cap stocks fell 1.32% to ... (full story)