A bid for safety emerges: Gold and bonds higher ...Middle East

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Someone is looking for a safe haven.A strong bid has emerged in gold and bonds in the last hour and it's not clear why. Gold has jumped $13 to $2037, which is the highest since February 7. It's a sharp turnaround as just a few hours ago, gold was testing the lows of the week.In the bond market, US 10-year yields are now down 7.1 bps on the day to 4.25%, which is now just 1 bps above where they finished last week.US equities have given back gains but it's tough to imagine that a 0.2% decline in the Nasdaq is a good reason for a flight to safety. The price action looks like a market that's worried about weekend risk but with Israel-Hamas meeting in Paris today, I'd guess there are more positiv

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Last updated : 23 February 2024 clock 08:00 PM

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A bid for safety emerges: Gold and bonds higher ...Middle East

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