(Adds gold, oil settlement prices) * Lack of liquidity roils fixed-income markets * Crude oil futures tumble to 18-year low * Dollar index breaks through 100 to near three-year highs By Herbert Lash and Karin Strohecker NEW YORK/LONDON, March 18 (Reuters) – Global equities tumbled anew on Wednesday, with bond and gold prices also falling in an unusual tandem, as markets grappled with the scale of government programs aimed at softening the economic shockwave from the coronavirus. The Trump administration asked Congress to approve $500 billion in cash payments to taxpayers in two rounds starting April 6 and $50 billion in secured loans to U.S. airlines to address the outbreak’s impact, according to a document seen by Reuters. It was the latest plan to swamp traders struggling to sort out various moves by governments and global central banks to shore up economies bracing for what looks likely to be a short but deep global recession from a still growing pandemic. Wall Street fell about 8% and gold fell 3.6% at one point as investors dumped precious metals and other safe-havens for cash after the additional U.S. stimulus measures unveiled Tuesday failed to calm markets. Heavy demand for U.S. Treasury securities… Read full this story
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