4.7 Article

Gold's hedging and safe haven properties for European stock and bond markets

相关参考文献

注意:仅列出部分参考文献,下载原文获取全部文献信息。
Article Environmental Studies

Do oil, gold and metallic price volatilities prove gold as a safe haven during COVID-19 pandemic? Novel evidence from COVID-19 data

Moyang Cui et al.

Summary: The study investigates the impact of different asset class volatility indices on the desirability of gold as a safe-haven commodity during the COVID-19 pandemic. Using daily time series data from January 2020 to December 2021, the study analyzes the long-run and short-run relationship between gold prices and gold price volatility, oil price volatility, silver price volatility, and COVID-19. The findings suggest that oil price volatility and gold price volatility positively affect gold prices in the long run, while silver price volatility has a negative effect. In the short run, all three indices negatively impact gold prices, but COVID-19 has a positive impact, proving the validity of gold as a safe haven asset during the pandemic.

RESOURCES POLICY (2023)

Article Economics

Is gold a hedge or a safe-haven asset in the COVID-19 crisis?

Md Akhtaruzzaman et al.

Summary: The study found that gold played different roles as a hedge or safe-haven asset in different phases of the COVID-19 pandemic crisis, acting as a safe haven for stock markets in Phase I and experiencing increased investment in Phase II as a 'flight-to-safety asset'. Hedging costs also significantly increased during Phase II.

ECONOMIC MODELLING (2021)

Article Economics

Hedge and safe haven properties during COVID-19: Evidence from Bitcoin and gold

Rahma Chemkha et al.

Summary: The study indicates limited utility of gold as a safe haven asset during the COVID-19 pandemic, while Bitcoin's risk-aversion ability is also insufficient. Investors need to reassess their risk preferences and asset allocations when facing the global economic slowdown.

QUARTERLY REVIEW OF ECONOMICS AND FINANCE (2021)

Article Business, Finance

Assessing the safe haven property of the gold market during COVID-19 pandemic

Afees A. Salisu et al.

Summary: This study examines the safe haven properties of gold during the COVID-19 pandemic, showing that gold is still a reliable safe haven asset, albeit less effective than before the pandemic. Results also indicate that gold consistently outperforms US stocks and other precious metals, and predictive models that consider uncertainties are more effective for forecast analyses compared to benchmark models.

INTERNATIONAL REVIEW OF FINANCIAL ANALYSIS (2021)

Article Economics

The golden hedge: From global financial crisis to global pandemic

Richard C. K. Burdekin et al.

Summary: Gold displayed strong hedging value during the global financial crisis, but did not consistently exhibit this property in 2020. The market recovered quickly from the March 2020 lows, leading to less scope for hedging against losses in 2020.

ECONOMIC MODELLING (2021)

Article Environmental Studies

Hedging oil price risk with gold during COVID-19 pandemic

Afees A. Salisu et al.

Summary: The study shows that gold plays a significant role as a safe haven against crude oil price risks, and is effective in hedging risks associated with oil. Additionally, the robustness of the results is confirmed by the effectiveness of other prominent precious metals.

RESOURCES POLICY (2021)

Article Business, Finance

Searching for safe-haven assets during the COVID-19 pandemic

Qiang Ji et al.

INTERNATIONAL REVIEW OF FINANCIAL ANALYSIS (2020)

Article Economics

Safe haven, hedge and diversification for G7 stock markets: Gold versus bitcoin

Syed Jawad Hussain Shahzad et al.

ECONOMIC MODELLING (2020)

Article Business, Finance

Why is gold a safe haven?

Dirk G. Baur et al.

JOURNAL OF BEHAVIORAL AND EXPERIMENTAL FINANCE (2016)

Article Economics

Does gold act as a hedge or a safe haven for stocks? A smooth transition approach

Joscha Beckmann et al.

ECONOMIC MODELLING (2015)

Article Economics

What precious metals act as safe havens, and when? Some US evidence

Brian M. Lucey et al.

APPLIED ECONOMICS LETTERS (2015)

Article Business, Finance

Does gold offer a better protection against losses in sovereign debt bonds than other metals?

Sam Agyei-Ampomah et al.

JOURNAL OF BANKING & FINANCE (2014)

Article Business, Finance

Is gold a safe haven against equity market investment in emerging and developing countries?

Gozde Gurgun et al.

FINANCE RESEARCH LETTERS (2014)

Article Business, Finance

Is gold the best hedge and a safe haven under changing stock market volatility?

Matthew Hood et al.

REVIEW OF FINANCIAL ECONOMICS (2013)

Article Business, Finance

Hedges and safe havens: An examination of stocks, bonds, gold, oil and exchange rates

Cetin Ciner et al.

INTERNATIONAL REVIEW OF FINANCIAL ANALYSIS (2013)

Article Environmental Studies

Is gold a hedge or safe haven against oil price movements?

Juan C. Reboredo

RESOURCES POLICY (2013)

Article Business, Finance

Asymmetric Volatility in the Gold Market

Dirk G. Baur

JOURNAL OF ALTERNATIVE INVESTMENTS (2012)

Article Business, Finance

Gold and the US dollar: Hedge or haven?

Mark Joy

FINANCE RESEARCH LETTERS (2011)

Article Business, Finance

Is gold a safe haven? International evidence

Dirk G. Baur et al.

JOURNAL OF BANKING & FINANCE (2010)

Article Business, Finance

Is Gold a Hedge or a Safe Haven? An Analysis of Stocks, Bonds and Gold

Dirk G. Baur et al.

FINANCIAL REVIEW (2010)

Article Economics

Computation and analysis of multiple structural change models

J Bai et al.

JOURNAL OF APPLIED ECONOMETRICS (2003)