Investors shun crypto volatility while favoring safe-haven assets amid global trade tensions Gold is soaring, largely driven by investors flocking to safe-haven assets, while risk-filled bitcoin is taking a dive, market watchers said Monday. The precious metal is expected to continue its monthslong record-breaking rally, unlike cryptocurrencies, which are expected to tank to $70,000 amid a cyclical downturn. “Investors are turning to traditional safe-haven assets, prodded by global trade tensions and heightened geopolitical risks,” Standard Chartered Korea strategist Hong Dong-hee said. “Months of uncertainties involving U.S.-China trade relations have driven…
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