U.S. Treasuries and the dollar may never regain their status as safe-haven assets: Macquarie

• US Treasuries and the US Dollar are unlikely to reclaim their past 'safe haven' status.
• Gold is seen as the main beneficiary of chaos and will continue to perform well.
• The current strength in the US Dollar is tactical and temporary, not a reflection of long-term safety.
• Oil markets are experiencing a temporary shock, and prices are expected to come down assuming a shorter conflict.

Macquarie Capital's Viktor Shvets argues that US Treasuries and the US Dollar are unlikely to reclaim their past 'safe haven' status, with gold emerging as the primary beneficiary of current global uncertainties. He views the dollar's strength as tactical and temporary. Regarding oil, he believes the market is experiencing a temporary shock rather than a structural change, anticipating eventual price declines.