Gold is the ultimate safe haven asset and investors turn to the commodity as a form of money that retains some value as paper currencies struggle. The U.S. dollar was also receiving a safe haven bid from investors. The yield on the 10-year Treasury note was at 3.11%, slightly higher from their recent lows, but still indicating that investors are more than willing to lend money to the U.S. at a low price. Some potential risks for gold in the short-term are profit taking and investors' need for cash. With gold popping almost 12% this year, investors could sell some of their positions to make money off one of the only assets to yield a positive return. In addition, if the stock markets get much worse and traders take a big hit in equities, they might be forced to sell some gold to fund these losses. Silver prices settled much higher at 37 cents to $19.11 while copper ended up 9 cents at $3.09. Gold mining stocks, a more risky and more profitable way to invest in gold , were popping while broader equities struggled. Kinross Gold ( KGC) was rising 3% to $18.51 while Agnico-Eagle ( AEM) was adding 2.82% to $63.10. Other large gold companies Eldorado Gold ( EGO) and Hecla Mining ( HL) were trading at $18.35 and $5.77, respectively.