Gold has long been known as one of the most popular safe haven assets in the world. Unlike currencies or stocks whose value is influenced by economic conditions, government policies, and company performance, gold has an intrinsic value that makes it still in demand in various market conditions.

When global tensions rise, the demand for gold usually rises as investors look for relatively stable instruments to protect their wealth. Many legendary investors also make gold part of their portfolio diversification strategies.

In uncertain market conditions, gold is often considered to be able to help reduce risk while maintaining the purchasing power of the asset in the long term.

Tags: Gold