New York (CNN Business)Gold was one of the few investments heading higher Monday as worries about the coronavirus outbreak led to a steep market slide.
Case in point: miner Newmont (NEM) was one of the few stocks in the S&P 500 that was trading higher Monday. In fact, gold stocks have been a good investment for some time. The VanEck Vectors Gold Miners ETF (GDX) is up nearly 40% in the past year.
The CNN Business Fear & Greed Index, which looks at seven measures of market sentiment, has plunged in the past week and is now not far from showing levels of fear. The index was in Extreme Greed territory just a week ago.
By Paul R. La Monica, Jan 27, 2020, at 03:14 p.m.