Investors flee to safe havens amid geopolitical tensions
Data shows new money going into gold and T-Bills
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New York
INVESTORS' risk aversion was evident this week as geopolitical tensions sent new money into safe-haven assets such as government Treasury bills as well as gold funds, Lipper data revealed on Thursday.
Taxable bond funds attracted US$1 billion in new cash to mark their fourth straight week of inflows, with US$396 million going into US-based government Treasury funds, Lipper data in the seven days through April 12 showed.
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