Safe-haven assets rally after Russia updates nuclear doctrine

Published On Nov 19, 2024, 4:17 AM

Safe-haven assets surged on Tuesday following a warning from Russia regarding its updated nuclear doctrine. Investors flocked to government bonds, the Japanese yen, and gold as concerns over potential military escalation surfaced after President Putin's approval of the nuclear policy. This led to a decline in German government bond yields and a rise in gold prices, with the dollar also weakening against the yen.