Brexit, Trump uncertainty turns investors wary
Gold, a frequently sought haven in uncertain times, hit its highest level since November
London — Investors sold sterling and stocks in Europe and Asia on Monday, seeking shelter in gold and the Japanese yen as uncertainty over Britain’s departure from the European Union and the policies of US President-elect Donald Trump curbed appetite for risk. The dollar rose, except against the yen, rebounding after suffering its worst week since November, when it was hit by a lack of clarity over what Trump, whose inauguration is on Friday, will do once he assumes office. U.S. markets were closed for a holiday, potentially exacerbating price moves in thinner than normal trade. The price of gold, a frequently sought haven in uncertain times, hit its highest level since November. "(The movement) shows that people are looking ahead this week with Trump’s inauguration and discussions on Brexit. There is a lot of uncertainty moving forward," said Brian Lan, managing director at Singapore-based gold dealer GoldSilver Central Yields on low-risk German government bonds fell, but those on ...
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