Gold rush: Investors fleeing to safe havens after Trump’s tariff bombshell
SINGAPORE – Investors in Singapore are shifting more funds to defensive assets such as gold, cash, government bonds and real estate investment trusts (Reits) in response to US President Donald Trump’s latest tariff announcement, analysts say.
Mr Trump’s April 2 decision to impose at least 10 per cent tariffs on all exporters to the US – friends and foes alike – have pushed investors towards safer options amid market volatility.
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