Market chaos pushes gold to record highs

Business 11 April 2025 15:34

The price of gold has surpassed $3200 per 28.3 grams for the first time as investors turn to so-called safe-haven assets.

The Swiss franc, another safe-haven asset, hit a new decade-high against the dollar as the massive sell-off in US Treasury bonds seen earlier this week continues, CE Report quotes Kosova Press.

“The massive flight to safety… all of this reflects the lack of clarity in financial markets today,” Olivier d’Assier, from investment management firm SimCorp, told the BBC. “We now live in a world without rules, even for trade, security, health, even sovereignty,” he added, writing TCh.

“So safe havens like gold, Swiss francs, non-US government bonds, are the only option left for now.” An asset considered a safe haven is an investment that is expected to maintain or even gain value during times of economic uncertainty.

Gold's dizzying rise comes after Wall Street stocks fell on Thursday and stock markets in Asia fell today.

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Market chaos pushes gold to record highs

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