Flight to safe-haven assets shores up the gold price. The gold price finished 6.2% up from recent lows, and silver has also rallied. Gold ETF holdings reversed 10 weeks of outflows last week. Net inflows into USbased funds were 18 t (worth $1.1bn based on Friday’s close). In addition to gold, money has been flowing into US Treasuries at the fastest rate since the 1987 flash crash. Last week recorded a 1-day drop in 2-year bond yields larger than after 9/11 and following the implosion of Lehman Brothers in 2008. This signals that investors are perceiving a high level of uncertainty and downside risk in equities and ... (full story)