Gold has historically been one of the most important safe haven assets during geopolitical crises.

A key measure of volatility in US Treasuries has fallen to its lowest point in more than three and a half years, signaling increased stability in the market after months of significant turmoil.

US Treasuries experienced a significant sell-off on Wednesday as President Donald Trump's tariffs took effect, heightening investor anxiety about the "safe haven" status of US sovereign debt.

U.S. Treasuries continued their significant decline on Tuesday as investors were forced to sell bonds to cover losses in other assets, while also racing to unwind previous expectations for substantial U.S. rate cuts.