Gold hits the heights as risk appetite turns sour

From monetamarkets.com

Safe haven assets are in demand again today as headline havoc hits our screens in full effect. The Ukraine crisis is front and centre as the market driver with the threat of an “imminent” invasion pushing gold up to eight-month highs. The yen is also outperforming in the currency space with USD/JPY dropping below 115 while investors are seeking the safety of government bonds. Markets have whipsawed over the past week, as volatility fuelled by expectations of central bank tightening to tame soaring inflation have sharpened reactions about developments in Ukraine. Oil is nearing $100 while at the same time it is ... (full story)