Cookies on the Business Insider India website

Business Insider India has updated its Privacy and Cookie policy. We use cookies to ensure that we give you the better experience on our website. If you continue without changing your settings, we\'ll assume that you are happy to receive all cookies on the Business Insider India website. However, you can change your cookie setting at any time by clicking on our Cookie Policy at any time. You can also see our Privacy Policy.

Gold is spiking

Myles UdlandApr 1, 2015, 19:57 IST

Gold is surging.

Amid a sell off in stocks, the precious metal is spiking, rising more than 1.3% in early trade on Wednesday to nearly $1,200 an ounce in a classic "risk off" trade.

Bonds were also rallying, with the yield on the US 10-year note falling to 1.86% and the 30-year falling to 2.48%.

Here's the spike in gold on Wednesday.

NOW WATCH: Nationwide's Super Bowl commercial about dead children is about corporate profits ... in a way that we can all appreciate

Please enable Javascript to watch this video