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There has never been such a crisis. In matter of days, economies all over the world froze up. The stock markets plunged and the Wall Street experienced its largest single-day percentage drop since Black Monday in 1987. In response, the central banks shoots monetary bazookas while the governments are announcing mammoth stimulus packages.
If you feel lost, if you do not know what to think about the epidemic and its impact on the global economy and the gold market, or if you feel that the world has gone mad, you should definitely read this edition of the Market Overview.
We explain why this epidemic is a real threat and why it's pushing the world into recession. We also analyze the central banks' and governments' response to this unprecedented health and economic crisis. As always, we focus on the gold market, so we analyze thoroughly how the epidemic, global recession and the resulting monetary policy and fiscal policy response will affect the price of the yellow metal. So, given that you probably already sit at home under self-quarantine, keeping distance from the society, we invite you to read our Gold Market Overview and to find out what the current crisis implies for the gold market!