WS #16993
The tech selloff and oil spike have triggered a broad risk-off environment, with European and Asian markets posting significant weekly losses. Gold prices are surging as investors seek safety, with Indian buyers anticipating record highs. The S&P 500's slide has been described as the worst day since 2023, with rising bond yields adding to the pressure on high-multiple growth stocks.
Global Market Volatility and Safe Havens
The tech selloff and oil spike have triggered a broad risk-off environment, with European and Asian markets posting significant weekly losses. Gold prices are surging as investors seek safety, with Indian buyers anticipating record highs. The S&P 500's slide has been described as the worst day since 2023, with rising bond yields adding to the pressure on high-multiple growth stocks.