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Safe havens surge as Iran attacks
Gold and the Japanese yen saw heavy demand as safe haven assets after it was reported early morning that Iran had attacked a couple of US bases in Iraq. Equities tumbled and the US dollar rose as investors sought safe havens in US Treasuries as well. The US 10-year yield slid almost 7 bps to 1.75%, the lowest since December 3. Gold prices surged to the highest since March 2013, rising above the 61.8% Fibonacci retracement level of the September 2011 to December 2015 drop at 1,594.08. USD/JPY fell to the lowest in three months amid yen demand. Speculative investors (those included in non-commercial totals) have been ... (full story)