Global financial markets are witnessing a remarkable shift in the direction of safe-haven assets, with rising bond yields and record gold returns taking center stage. Although the inverse relationship between gold and yields isn't always tight, a sustained rise in yields typically weakens the yellow metal's appeal.
However, the current landscape reveals a different shift, as gold appears to be emerging victorious in the safe-haven race, driven by investor concerns about unstable fiscal and monetary policies in a number of major economies
