Investors seek safe-haven assets like gold


File pic of Bursa Malaysia screens. CIMB lowered its end-2015 target for the KLCI to 1,700 from 1,800.

PETALING JAYA: Investors sought a safe haven in gold and US Treasuries, as stock markets in the region took a breather due to jitters arising from geopolitical concerns in North Korea and Syria.

Gold traded higher yesterday at US$1,290 per ounce, the level last seen on Nov 9 last year, while 10-year US Treasuries yields hit their lowest level since mid-November.

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