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CFA Level 1
Beginner
1/20
Which of the following commodities is known for its use as a safe-haven investment during times of economic uncertainty?
a.
Gold is often considered a safe-haven investment due to its ability to retain value during market downturns and periods of high inflation.
b.
Silver, while also a precious metal, tends to have higher volatility and is more influenced by industrial demand compared to gold, making it a less reliable safe-haven investment.
c.
Crude oil prices are highly dependent on global economic growth and geopolitical events, which can lead to significant price fluctuations, reducing its potential as a safe-haven investment during uncertain times.
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