Gold prices edged up Monday, extending recent gains fueled by safe-haven buying demand as falling oil prices and stocks spur investor jitters. The series of Trump’s tariff moves and signs of weakening economy led to higher demand for safe-haven avenues or lower risk securities. THE PESO appreciated against the greenback on Thursday on the back of pro fi t taking and less safe-haven demand for the dollar due to improving market sentiment.. Pound Recovers After Vaccine Concerns. Author: Dilip Kumar Nath / Wednesday, November 18, 2020 / Categories: Exclusive. Dollar Lifted by Safe Haven Demand; Dollar Lifted by Safe Haven Demand. Safe-haven demand The overall anti-dollar theme could further weigh on USD/JPY and (partly) drag the other yen crosses Major U.S. events, such as Powell’s testimony and the U.S. NFP release can also influence USD/JPY and other yen crosses The local unit closed at P49.365 per dollar on Thursday, gaining a centavo from its P49.375 finish on Wednesday, data from the Bankers Association of the Philippines. 8 hours ago Barbara Zigah Forex News Oil Drops Despite Inventories Draw. Gold near nine-year high as virus fears support safe-haven demand Citi says it’s ‘only a matter of time’ before gold hits a record NEW DELHI: Gold and silver climbed higher in early trade on Tuesday as traders rushed to safe haven assets amid worries … Year 2020 has been a very volatile market for commodity and equity markets. But now, over a decade after that crisis, the dollar remains world’s primary safe haven currency and the U.S. its primary safe asset provider. Barbara Zigah on March 02, 2021 Latest News. RATES OF Treasury bills (T-bills) on offer this week will likely decline on inflation data and as investors continue to park their funds in short-term safe-haven assets. European stock markets gained and oil prices rose on Thursday on expectations OPEC and its allies will agree to cut output to shore up prices that have tumbled due to a coronavirus-led demand collapse. The need to generate sufficient safe assets to meet international demand strained the U.S.’s financial system, eventually helping to trigger the 2008 crisis. The Bureau of the Treasury (BTr) is offering P20 billion in T-bills on Monday, broken down into P5 billion each for the 91- and 182-day papers and P10 billion for 364-day T-bills. Demand for safe haven assets dampens on global recovery optimism The US dollar weakened slightly against its peers as investors shifted away from risk-off trading. 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