Which investment is generally considered to be a safe haven during market downturns?

Gold is commonly regarded as a safe haven during market downturns due to its historical role as a store of value. Investors tend to flock to gold in times of economic uncertainty or market volatility, as it often retains its value better than other assets. Unlike stocks or real estate, which can experience significant price fluctuations based on market conditions, gold has intrinsic value that is less affected by economic downturns. This quality makes it a popular choice among investors seeking to shield their portfolios from potential losses during challenging financial times. As a commodity, gold has been used as a hedge against inflation and currency devaluation, solidifying its status as a preferred asset during periods of economic distress.