Alarm Bells Ring And Gold Rises In October As Stocks And Property Fall Globally

In our latest video update, we consider the performance of markets in a volatile October. Stock markets globally fell sharply while gold acted as a hedge in all currencies, rising 1.7% in dollars, 4.4% in euro terms and 4.2% in sterling terms. 

Stocks Fall Sharply in October

The S&P 500 is just short of a 10% decline from its record September high and remains on pace for the worst month since 2009. It has fallen from a record high of 2930 to 2640. In October alone, the S&P is down 7.3%.

Asian shares as represented by the MSCI Asia Pacific Index have entered a bear market. Many Asian stock indices, including China, fell into a bear market last week amid the global sell-off and China is down a large 30%. Japan and Australia are down nearly 15% from recent peaks