GLOBAL MARKETS-Equities sink, gold rises on fears of pandemic wave – ZAWYA

GLOBAL MARKETS-Equities sink, gold rises on fears of pandemic wave – ZAWYA

GLOBAL MARKETS-Equities sink, gold rises on fears of pandemic wave GLOBAL MARKETS-Equities sink, gold rises on fears of pandemic wave | ZAWYA MENA Edition HomeMarketsEquitiesArticleGLOBAL MARKETS-Equities sink, gold rises on fears of pandemic wave Rising concerns about the coronavirus pandemic accelerating sent global equities lower Wednesday    NEW YORK- Rising concerns about the coronavirus pandemic accelerating sent global equities lower Wednesday and pushed investors into perceived safe havens such as the dollar and gold, which hovered near its highest level in eight years. Several U.S. states are posting record infections and the death toll in Latin America passed 100,000, according to a Reuters tally. The New York Times reported the European Union was prepared to bar U.S. travelers because of the surge of cases, putting it in the same category as Brazil and Russia.Adding to the gloom, European Central Bank chief economist Philip Lane warned that the euro zone economy would need a long time to recover from the pandemic-induced crisis and a string of solid data in recent days was not necessarily a good guide to recovery. The New York Times reported the European Union was prepared to bar U.S. travelers because of the surge of cases, putting it in the