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Unison

Dow & Gold Rally in Unison as Fear Mixes with Euphoria on Wall Street

Stock market euphoria returned on Wednesday as the Dow Jones, Nasdaq, and S&P 500 pushed back towards record highs. This confidence in risk assets belies demand for safe-havens as the price of gold continues to surge. Concerns about risk-taking and the impact of the coronavirus are potential causes for the jump in XAU/USD. The Dow…