#safe-haven-flows

#safe-haven-flows

The latest rally came after the U.S. launched strikes on Islamic State targets in Nigeria on Thursday, adding to other geopolitical tensions. Earlier in the week, the Trump administration continued to pile on more pressure on Venezuela by targeting additional oil tankers, squeezing a key source of revenue for the Maduro regime. Meanwhile, the Pentagon sent large numbers of special-operations aircraft, troops and gear into the Caribbean, sources told the Wall Street Journal.

Gold pushed through the $4,000 mark after weeks of steady buying turned into a clean breakout. The catalysts were not a single headline but a stack of pressures coming together: a softer path for real rates, persistent geopolitical risk, steady central bank demand, and bursts of ETF participation. For London-based investors, the practical question now is whether the risk premium holds or we see a retest below the round number.