Israel-Hamas war sees investors shun most traditional havens, except for two

The Israel-Hamas war makes investors nervous, but hasn’t sparked a headlong rush into many of the assets that traditionally see huge inflows during periods of geopolitical crisis.

While dwarfed by the tragic human consequences of the conflict, the market reaction has left some analysts and investors struggling to explain why so far only a few traditional havens have benefited from a so-called flight to quality.

Stock-market…