Commonly regarded as a "safe haven asset", gold is something investors typically buy to protect themselves during periods of global uncertainty and economic decline.

It is for this reason that gold has performed rather strongly in recent years, and especially in 2024. Persistent inflation combined with multiple wars has driven up demand for gold, helping it set a new all-time high of over $2,400 per ounce.

To put this into perspective, Visual Capitalist's Marcus Lu visualized the performance of gold alongside the S&P 500.