by Mark O’Byrne
Safe haven assets, gold, silver and German bonds rose, while European stocks and global stock futures fell, after explosions rocked Brussels airport departure hall and a subway station near the EU parliament and other important EU institutions. At least 26 people are reported to have been killed after the explosions which the Belgian prosecutor has alleged are terrorist attacks.
[…] Gold in dollar terms rose 0.8% but the gains were greater in euro and sterling terms. Gold in euros terms rose from €1,108/oz to €1,123/oz or 1.3% and gold in sterling rose from £865/oz to £881.50/oz or nearly 2%.
Silver also saw a safe haven bid and moved higher with gold to reach $16.oo/oz again. Silver also saw a safe haven bid and moved higher with gold to reach $16.00/oz again. Silver in euro and sterling terms rose to multi month highs.