As stock markets crashed recently in response to widescale and unprecedented disruptions brought about as a result of the global spread of Covid-19 and increased uncertainty, the recent, brief and highly unexpected crash in gold prices was mainly driven by four factors, all of which were motivated by a need to liquidate assets to reduce risk, according to financial market data company Refinitiv.
Refinitiv metals and iron-ore global head Bernd Sischka says markets experienced severe volatility levels towards mid-March.