Looking for Havens
Another sign of the growing impact of the U.S.-China trade war today (alongside general geopolitical jitters): the search for safe havens. Gold is rising (up by 14% since the start of this year), currency havens like the Japanese yen and the Swiss franc are strengthening—putting pressure on the central banks in both countries—and U.S. government bonds are gaining ground. FT
Another sign of the growing impact of the U.S.-China trade war today (alongside general geopolitical jitters): the search for safe havens. Gold is rising (up by 14% since the start of this year), currency havens like the Japanese yen and the Swiss franc are strengthening—putting pressure on the central banks in both countries—and U.S. government bonds are gaining ground. FT
