Gold also suffered a huge drop. But as it is always a number one asset up to now, people buy gold as crazy as they are, and right now, it's creating a new high level. IMO, in the couples of years, Gold will soon cross $2000 which is the result of the economic resurrection
Gold price isn't increasing because of some economic resurrection.The gold price is going up because of:
1.The stimulus plans and money printing by the central banks around the world.
2.The belief in investors and traders that gold is a safe heaven.
The global economy will continue going down.Gold and Bitcoin might become safe heavens for the investors,but the possibility of Gold and Bitcoin prices crashing again is still there.
By the way,I think that your title is wrong.The coronavirus isn't "changing" the markets.
The way markets reacted to such global shock was pretty normal.
Davis, I fully agree with you. We need to understand what are drivers of the markets before we make a conclusion. In these times it is dangerous to jump into conclusion based solely on chart moves. Risks are higher now than in normal market conditions.