News Column

Safe havens at risk of crunch

August 27, 2014

TIM WALLACE



ASSETS like gold and US government bonds could be vulnerable to a crunch as the recovery takes off, Blackrock warned yesterday.


The so-called safe haven assets shot up in price in the crisis, and so could drop back as investors return-ed to riskier assets such as equities.


"Gold and short - to inter-mediate - duration US Treasuries may be the most vulnerable in the near-term as a period of interest rate normalisation approaches," said Blackrock'sRuss Koesterich.


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Source: City A.M. (UK)


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