Traders will initially rush into haven assets and reevaluate trades most linked to former President Donald Trump’s candidacy after he was shot at a rally, according to market watchers. Click here for pictures from the Pennsylvania rally where former US President Donald Trump was shot at
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“Undoubtedly there’ll be some protectionist or haven flows in the Asia early morning,” said Nick Twidale, chief market analyst at ATFX Global Markets. “I’d suspect gold could test all time highs, we will see the yen getting bought and the dollar, and flows into Treasuries too.”
However, early market commentary suggests the shooting will boost Trump’s chances of winning the election, which will shift focus to securities most exposed to his policies and may ultimately be negative for Treasuries.
