Commentary

In this mess of a market, safe havens are making a comeback

The remarkable thing about the yen's recent performance may not be its almost 4 per cent surge against the US dollar on Thursday, but the fact that the Japanese currency just clocked its best month in about two years.

That exact statistic also applies to gold, which in December notched the largest jump since January 2017.

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A version of this article appeared in the print edition of The Straits Times on January 07, 2019, with the headline 'In this mess of a market, safe havens are making a comeback'. Print Edition | Subscribe