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Safe havens at risk of crunch
ASSETS like gold and US government bonds could be vulnerable to a crunch as the recovery takes off, Blackrock warned yesterday.
The so-called safe haven assets shot up in price in the crisis, and so could drop back as investors returned to riskier assets such as equities.
“Gold and short – to intermediate – duration US Treasuries may be the most vulnerable in the near-term as a period of interest rate normalisation approaches,” said Blackrock’s Russ Koesterich.