If gold breaks lower, investors may look at these safe haven currencies: analyst
FROM THE WIRE · FINANCE.YAHOO.COM
Investing.com -- Standard Chartered told clients in a note on Monday that the U.S. dollar and Japanese yen could be the most attractive safe havens if gold extends its decline. Still guessing which stocks will beat the market? Our AI portfolio updates monthly and is…
Read at the source ↗MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishA gold drop below $4,000 with selling of liquid assets could shift safe-haven demand toward the dollar and yen.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01Standard Chartered says the US dollar and Japanese yen could be the most attractive safe havens if gold extends its decline.
- 02Gold has fallen well below $4,000 an ounce, with next supports at $3,800 and $3,500.
- 03Tech jitters, the equity sell-off and liquidity needs have triggered selling of gold and silver.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
US Dollar Index101.4850-0.02%today -0.39%Positive Gold3,975.40 USD+1.63%today +1.96%Negative Silver51.09 USD+1.87%today +3.68%Negative
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets