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Gold price hits six-year high as geopolitical crises scare markets - business live

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Rolling coverage of the latest economic and financial news, as asset prices are hit by Argentina currency crash and Hong Kong protests

Nervous investors are also piling into government bonds. This flood of money is driving prices higher, pushing down the rate of return on the debt. This means more bonds are trading with a negative yield -- ie, you lose money if you hold them until they mature. Germany’s 10-year bund has hit a new record high this morning, with a yield of minus 0.6%. In other words, investors will pay Berlin for the chance to lend it money for the next decade.

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