The influence of the COVID-19 pandemic on safe haven assets
The COVID-19 pandemic has severely impacted the financial markets, which includes triggered a flight from risky assets to safe haven assets. This column compares the performance of the safe havens over the world’s ten largest economies during COVID-19 and the 2008 Global FINANCIAL MELTDOWN. The findings claim that the type of safe haven assets has changed because the 2008 crisis. Gold, the original safe haven asset, has lost its glitter. However, the Swiss franc, the united states dollar and US Treasuries retained their safe haven status, and Tether, a cryptocurrency, shows some promise.