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Bloomberg Quint

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Image Credit: Bloomberg Quint

Gold And Other Haven Assets Are Faltering Just When World Needs Them The Most

  • Investors are looking to alternative assets such as German bunds, the yen, and the Swiss franc for protection.
  • A lackluster run for haven assets during one of the most acute market selloffs in years has left investors seeking new forms of protection.
  • The selloff in Treasuries has been the most glaring example of the loss of confidence in the once-coveted haven assets this time around.
  • The yen has also gained against the dollar this week, although it’s still in a nascent recovery from a multi-year slump caused by a wide US-Japan interest rate gap and the Asian country’s own economic woes.

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