Gold is the new risk-free asset instead of the dollar and Treasurys, as Israel-Iran conflict rattles investors | Metals Mine

  • Gold is the new risk-free asset instead of the dollar and Treasurys, as Israel-Iran conflict rattles investors

    From morningstar.com

    The gold rush is picking up - but it will hit a limit, says DWS Americas head of fixed income Gold prices settled at a fresh record high on Friday, as Iran launched retaliatory missile strikes against Israel less than 24 hours after a widespread Israeli attack against Tehran's nuclear sites. "Gold is the new risk-free asset in people's mind," said George Catrambone, head of fixed income, Americas, at DWS, in an interview - adding that, right now, 10-year and 30-year Treasury securities clearly weren't favored as safety plays. That's a lesson learned since extreme market tumult erupted about two months ago, after ... (full story)

Comment Options
  • Story Stats

  • Related Stories