Is gold considered a safe-haven asset?

Yes, gold is widely considered a safe-haven asset. During times of economic uncertainty, geopolitical instability, or market volatility, investors often turn to gold as a store of value and a hedge against inflation. Gold has maintained its value over centuries and is seen as a reliable asset that can preserve wealth during times of crisis. Its intrinsic value, limited supply, and universal acceptance contribute to its status as a safe-haven asset. Additionally, central banks around the world hold significant reserves of gold as part of their foreign exchange reserves to stabilize their economies in times of need.