Global growth worries and an intensifying trade war between the world’s two largest economies sparked a stampede into perceived ‘safe-haven’ assets on Monday. Gold prices jumped more than 1% to hit their highest level in over six years on Monday, while the Japanese yen and core government bonds also rallied. It comes at a time of heightened volatility in financial markets, with the pan-European Stoxx 600 falling almost 2%. That’s on top of the 2.5% it lost on Friday — its worst day so far in 2019.
Source: Global markets are in panic mode — sparking a wave of investment into gold, bonds and currencies