Bank Indonesia (BI) Governor Perry Warjiyo revealed that investors are shifting towards gold and bonds amid rising global uncertainty. One major factor is U.S. President Donald Trump’s decision to impose import tariffs on major economies.
Meanwhile, global stock markets, including those in the U.S. and Asia, have experienced declines, with some American assets moving to other developed markets.
“The biggest shift is towards gold. There’s a global portfolio reallocation—previously, investors flocked to the U.S., but now we’re seeing a shift,” Perry stated, as quoted by CNN Indonesia.
This trend has driven gold prices to an all-time high of $3,050 per ounce on Thursday (March 20), marking a 2.1% gain over three consecutive days and a 0.09% increase from the previous day.
Gold’s record-breaking surge comes as the Federal Reserve maintains interest rates, reinforcing its status as a safe-haven asset.
