The Dow Jones index fell nearly 900 points as capital defensively shifted to bonds, with the 10-year U.S. Treasury yield dropping nearly 3%, and the U.S. Dollar Index (DXY) falling about 3%, reflecting a global market reducing risk.
Gold [XAU] also responded, rising nearly 4% to $3,432 amid a surge in safe-haven demand. Technically, gold is currently just within reach, only 2% away from returning to its historical high.
