PMIs data showed economic activity in the euro zone virtually halted by government-imposed lockdowns, following other major economies.
Gold climbs as investors sought safe-havens after an historic slump in oil prices aggravated fears of a coronavirus-linked global recession.
U.S. crude oil futures collapsed below $0 on Monday for the first time in history, amid a coronavirus-induced supply glut, ending the day at a stunning minus $37.63 a barrel.
More and more of the world’s biggest economies allow some people back to business as they take steps to reopen crucial industries.
While the economic damage is mounting, predictions for economic recovery after coronavirus-linked lockdowns vary from 6% contraction to 0.7% growth.