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Are Safe Haven Investments Still ‘Safe’ in Today’s Volatile Market?
By Seedly  •  April 30, 2020
All around the world, governments have been implementing lockdowns in an effort to contain the COVID-19 pandemic. This has brought global business to a virtual halt. Many stock investors are still worried about the COVID-19 pandemic that has driven markets lower at record rates. However, over the past month, we have seen something of a partial recovery with the MSCI All Countries World Index going up about 16% since 23 March. The global equity index tracks stocks from 23 developed and 26 emerging markets countries.
Source: CNBC MarketsHowever, the index is still about 14% lower than the record high set on 15 Feb this year. Several economists are predicting a recession far worse than the one experienced in 2008-09. This suggests that markets are likely to remain volatile for the rest of 2020. During these volatile times, investors may turn towards safe-haven investments like gold, US  
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By Seedly
Launched in 2016, Seedly helps users make smarter financial decisions with its budgeting app which allows its 40,000 users to sync up their financial accounts and better manage their cash-flow. Last year, we introduced a new community feature which allows users to crowdsource knowledge from peers before making a financial decision.
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