Buy more international holdings, gold during sell-off: Investor

Описание: Barry James, James Advantage Funds president, and Bill Stone of Avalon Advisors discuss the market sell-off with CNBC's "Power Lunch" team.

Gold prices edged down on Tuesday from the previous session’s near three-week high as equities regained some ground, but concerns the coronavirus outbreak could impact the global economy cushioned safe-haven bullion’s losses.

Spot gold was down 0.7% to $1,570.64 per ounce, having touched its highest since Jan. 8 on Monday. U.S. gold futures were down 0.46% to $1,570.1.

“The flight to safety is not continuing today. Equity markets have stabilized, European equities are broadly flat, so the wave of risk aversion that swept across the financial markets seems to be off,” said Julius Baer analyst Carsten Menke.

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