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Safe havens of gold, yen and Treasuries perform well with equities holding on
Increased political risk has helped to drive investors back into safe haven assets in recent sessions. Subsequently, the classic triumvirate of gold, the Japanese yen and US Treasuries have been performing well. The move on Treasuries could be significant though yields lose to key supports as the 2 year eyes the 1.136% support whilst the 10 year is close to the 2.305% support. However, the close correlation between Treasury yields and the US Trade Weighted Dollar seems to have broken down as there are key factors impacting across the euro and sterling that are preventing the US dollar from coming under true ... (full story)