Safer Safe-Haven: Treasuries, Gold, or US Dollar?
Uncertainty over the resolution of the fiscal cliff and related potential tax hikes are making most investors nervous. Many of them are selling stocks to avoid the potential rise in taxes next year and seeking refuge in “safe-haven” assets. While it is most likely that the policymakers will reach some sort of compromise to avoid the cliff an early resolution does not appear likely at present. Continued problems in the eurozone and weak corporate earnings in the US are further adding to the investors’ worries. As a result the stocks fell to their three-month low yesterday while the "safe-haven" ...
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