Currency war fears bolster demand for havens

Financial Times/Eva Szalay/8-6-2019

Graphic of gold chess pieces knight anf pawn“‘While not my base case, the prospect of a US-China currency war is worrying and has risen in probability,’ said George Efstathopoulos, a portfolio manager at investment manager Fidelity International. ‘I expect demand for safe havens to persist [and] both the Japanese yen and gold should benefit if the situation escalates.’”

USAGOLD note:  This Financial Times article covers the range of safe havens from the yen to the Swiss franc to gold. . .worth a visit.

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