Reported about 9 hours ago
A global selloff in long-dated bonds has escalated, with Japan's government borrowing costs reaching a record high due to fears over debt sustainability and inflation. Consequently, gold surged to an all-time high of $3,546.99 as investors sought safe-haven assets. Concerns about fiscal policies and rising bond yields have influenced global markets, with analysts predicting further ramifications as Japan's yield gains affect overseas investment strategies. Meanwhile, political uncertainties in the UK and France add to the financial volatility.
Source: YAHOO