Stocks, oil prices tumble on pandemic fears, as gold soars

London (AFP) – World stock markets and oil prices tumbled Monday, with Milan and Seoul falling hardest on growing fears of a coronavirus pandemic, as gold hit a seven-year peak on safe-haven buying, dealers said.In late morning deals, Milan’s stock market dived almost five percent following reports of a fourth death amid the COVID-19 epidemic, an 84-year old man in the northern Lombardy region.It was the third death in Lombardy, where villages have been sealed off and security measures enforced to stem the spread of the disease.Traders’ screens were awash with red elsewhere in Europe too, with…

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