Today, it seems that gold and bonds have become a safe haven for capital
A strong bid has appeared in gold and bonds in the past hour, and the reason is not clear. Gold jumped 15 dollars and reached 2039 dollars, which is its highest figure since February 7. This is a sharp turnaround because just a few hours ago, gold was testing the lows of the week.
In the bond market, the US 10-year yield is now down 7.1 basis points to 4.25%.
US stocks have given back their gains, but it's hard to imagine that the Nasdaq's 0.2% drop is a good reason to fly to the safe zone. The market price seems to be worried about the risks of the weekend, but with today's meeting between Israel and Hamas in Paris, I guess there are more positive risks than negative risks. Let's see whether gold will grow until 2060 and then 2080 or will face a decline.