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Global markets tanking, gold up again, over fears of US recession



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As of a few weeks ago, I'm officially spooked as well.

Global stocks slid again Friday as fears of a possible U.S. recession combined with ongoing worries over Europe's debt crisis, which is stoking acute fears over the continent's banking sector.

European banking shares hit a near two and a half year low on renewed worries of the health of the continent's banks, while safe-haven gold prices nudged up against the $2,000 an ounce mark, and crude prices fell as investors feared a global slowdown will zap demand for crude.


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