When the financial markets start to shake investors start looking for a safe asset for protection. When people talk about a safe asset, they for the most part refer to gold. But is that really the case? There are few studies about gold as a safe haven however they do not concern the Swedish financial market. That is the purpose of this research; to examine if gold could act as a safe haven in the financial market in Sweden. This is of interest since there is an economic crisis caused by covid19 at this particular moment. The result could help us understand how investors could use gold in their portfolio of investments. To do this we have gathered daily returns from OMXS30, gold, and a 10-year Swedish government bond. With a statistical model we answered the question. When the financial markets start to shake investors start looking for a safe asset for protection. When people talk about a safe asset, they for the most part refer to gold. But is that really the case? There are few studies about gold as a safe haven however they do not concern the Swedish financial market. That is the purpose of this research; to examine if gold could act as a safe haven in the financial market in Sweden. This is of interest since there is an economic crisis caused by covid19 at this particular moment. The result could help us understand how investors could use gold in their portfolio of investments. To do this we have gathered daily returns from OMXS30, gold, and a 10-year Swedish government bond. With a statistical model we answered the question.