Investors are once again piling into gold and oil exchange traded products (ETPs) in a rush to grab safe haven assets amid concerns over a military escalation between the West and Russia in the Ukraine and unrest in the Middle East.

According to ETF Securities, long-dated gold funds have seen their seventh straight week of net inflows, with $13.4m flowing into ETPs last week as investors become increasingly defensive.

“Russian posturing appears to be escalating and increasingly questioning Ukrainian sovereignty and the UN has urged Western nations to intervene,” said ETF Securities in its latest note to investors.

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