New Delhi, June 3 -- The usually sedate world of safe assets is feeling the heat from global trade, geopolitical disruptions, and shifting investor priorities. At the top, gold has held firm. But further down the pecking order, a shake-up is underway.

The US dollar and Treasuries, long seen as the ultimate refuges, are wobbling under the weight of debt worries and political drift. Meanwhile, Europe is quietly strengthening its hand, and the euro, too, may finally be stepping into a more global role. Cryptocurrencies-once considered fringe-are entering the conversation as real, if risky, alternatives.

Read this | Mint Primer: How will Trump's next obsession, a weaker dollar, play out?

The safe-haven hierarchy is being redrawn. Here's ho...