Investors turn to gold, not bonds, as haven from war in Iran

By Ian Smith, Emily Herbert, Rachel Rees, Leslie Hook, and Costas Mourselas Financial Times, London Monday, March 2, 2026 Big investors have turned to gold and the U.S. dollar rather than the traditional safety of government bonds, as anxiety grows over an inflation shock threatened by the war in Iran. Gold raced close to a record high on Monday, jumping 2.5% to more than $5,400 a troy ounce, as drone strikes on Qatar's natural gas facilities raised fears of a new energy crisis. It was later up 1%. ... Dispatch continues below ... ... ADVERTISEMENT ... USA Gold: Coins and Bullion Since 1973 USAGold, well known for its internet site, USAGold.com, offers contemporary bullion coins and bullion-related historic gold coins for delivery to private investors in the United States, Europe, Canada, Australia, and New Zealand. It is one of the oldest and most respected names in the gold industry, with thousands of clients and an approach to investment that emphasizes guidance and individual needs over high-pressure sales tactics. The firm's zero-complaint record at the Better Business Bureau makes it an ideal match for the conservative, long-term investor looking for a reliable contact in the gold business. Please call 1-800-869-5115x100 and ask for the trading desk, or visit: http://www.USAGold.com USAGold: Great prices, quick delivery -- all the time. But government bonds, typically a haven in stormy markets, weakened as traders braced for a rise in inflation, pushing the yield on two-year German bunds up 0.07 percentage points to 2.08%.  "We are seeing bonds again failing to provide protection against risk-off events, even as gold delivers," said Seb Barker, chief market strategist at hedge fund firm Marshall Wace. He said events in the Gulf "reinforce" the case for increasing allocations to what he called "non-bond safe haven assets." ... ... For the remainder of the report: https://www.ft.com/content/b4adbb39-c01e-4136-8df6-538e2242c43a * * * Support GATA by purchasing Stuart Englert's "Rigged" "Rigged" is a concise explanation of government's currency market rigging policy and extensively credits GATA's work exposing it. Ten percent of sales proceeds are contributed to GATA. Buy a copy for $14.99 through Amazon: https://www.amazon.com/Rigged-Exposing-Largest-Financial%20-History/dp/1651405204/ref=sr_1_fkmr1_2?keywords=rugged+stuart+englert&qid=1579708888&sr=8-2-fkmr1 * * * Help keep GATA going: GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at: http://www.gata.org To contribute to GATA, please visit: http://www.gata.org/node/16 Donations of US$500 or more will entitle the donor to a 1-ounce silver round commemorating GATA's work: https://www.gata.org/sites/default/files/GATA-silver-round-front.png