Investors rush to gold following rising North Korea tensions
The stand-off between US president Donald Trump and North Korea has led to a spike in gold and silver prices, with financial markets adopting a safety first attitude in the immediate aftermath of escalating tensions.
PA ANALYSIS: Is it time to run for safety, or has that horse bolted?
With 10-year gilt yields falling below 1% for the first time in history, the yen trading below 100 to the dollar and gold at $1,325 per ounce, it is clear investors are running for safety.
Investors move into defensive assets amid global economic worries
Rattled by a growing list of worries that could threaten the fragile global economy, including the UK’s shock Brexit vote, investors around the world are amassing cash, favouring bonds over equities and increasing their holdings of gold.