Buoyed by the Nigerian oil sabotage news and a weaker U.S. dollar, gold has reasserted its safe-haven attributes since last Friday.
Quotes about safe-haven (10 Quotes)
Investors continue to seek gold's safe-haven properties, as U. S.-Iraq tensions rise ahead of the September 11th anniversary.
A lot of dedicated Latin American investors put money in Mexico betting on its safe-haven status. As things looked like they were heading for a full-blown crisis in Argentina, many took some profits in Mexico to raise cash.
Some news came out of Iran and that gave the Swiss franc a bit of a boost. That's a little dollar-negative and a little Swiss franc-positive on whatever form of safe-haven status the currency still has.
It seems as though the whole dynamic is based on safe-haven flows. It starts to give pause to what's going on there. It brings the news closer to home.
The theme this morning is an increased awareness of the terrorist threat, which is benefiting the Swiss franc in its traditional role as a safe-haven currency.
When risk aversion is declining, money will flow out of the safe-haven Treasury market into riskier assets, ... High-yield bonds have increased in price in the past week holders of junk bonds are doing well right now.
Geopolitical tension, with Iran restarting uranium enrichment ... coupled with high oil prices stocking inflationary fears are supportive for gold's perception (as) a safe-haven asset.
Large cap stocks have been a safe-haven play to some extent in the past, ... Large cap stocks have clearly outperformed mid- and small-cap stocks, so you would expect to see some consolidation of those gains.
Demand related to inflation and safe-haven fears has been driving gold. I particularly believe numerous gold traders are watching the Iranian situation with great interest, since it has both inflationary and safe haven implications.