Sentences with phrase «bought as a safe haven»
Traders and investors were concerned over the Greek situation and therefore gold was bought as a safe haven or hedge against the financial turmoil that could follow a Greek default.
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Fears over Greece should increase in the coming days, so then the gold prices, as the yellow metal will be bought as a safe haven or a hedge against the financial turmoil that could follow a Greek default.
Not exact matches
«Of course Japan is in the region so there are questions as to is that the one (currency) you want to buy... I still think it probably is in the sense that it has all the characteristics from a safe - haven currency,» Graf said, mentioning a fair value in the currency.
Michael Hudson: There are so many currency exchange rate problems that people are buying gold as a safe haven.
Like Paris, the city of London has such a strong level of international «brand recognition» and a perceived safe - haven status that wealthy foreign investors are clamoring to buy property in prime areas such as central London.
However US rates would be falling as investors bought treasuries as a safe haven and therefore the inverse relationship between gold and real US treasury rates is more likely to hold.
This is similar to how investors buy gold as a safe haven in times of stock market turbulence.
Finally, looser monetary policy implies that the economic situation is not as rosy as many would like to believe, so if the Federal Reserve acts by loosening monetary policy and driving down real interest rates then that sends a message that the economy is in a bad place therefore investors buy gold as a safe haven asset.
The move follows a stampede to buy up valuable real estate, especially in central London, by Russian oligarchs, Middle Eastern businessmen and other investors who see the capital as a safe haven for their money.
You may have seen my blog post The Golden Question that covers ETF selling, bank buying, and gold as a safe haven.
The reason utilities have traditionally been viewed as a safe haven for risk averse investors is that while people may buy fewer iPhones or designer jeans in a downturn, they still need the lights on, even with the prospect of a US Austerity Plan perhaps akin to what Europe is seeing now.
The yield on the two - year Treasury dropped 0.28 percentage points, the most since 2008, signalling investors were driving prices up as they rushed to buy the safe - haven asset (bond yields and prices move inverse to each other.