with a broad set of currencies, indicates that gold can serve as a hedge against US dollar depreciation but is a weak safe …This paper examines gold's hedging and value-preserving properties against fluctuations in the US dollar. We propose a …

This paper assesses the hedging and downside risk benefits of using gold for currency risk management at different … investment horizons. Using wavelet multi-resolution analysis, we characterized market interdependence between gold and exchange … rates for different time scales, finding positive dependence between gold and US dollar depreciation against a wide set of …

This paper studies recurring annual events potentially introducing seasonality into gold prices. We analyze gold … statistically significant gold price changes. This “autumn effect” holds unconditionally and conditional on several risk factors. We … stock market, wedding season gold jewelery demand in India and negative investor sentiment due to shorter daylight time. The …

The hedge and safe haven properties of gold in advanced economies’ financial markets are well documented in the … aims to fill this gap by empirically analyzing the hedge and safe haven properties of gold against equity market investment … also check whether our findings differ in the post-global crisis period. Our results show that for domestic investors, gold …

This paper assesses the role of gold as a hedge or safe haven against oil price movements. We use an approach based on … would indicate that gold cannot hedge against oil price movements; and (b) there is tail independence between the two … September 2011 revealed the following: (a) there is positive and significant average dependence between gold and oil, which …

gold and other precious metals as hedging vehicles and safe haven assets against losses in sovereign bonds. However, the … outcome of the hedge and safe haven properties is not always consistent across the different bonds. Finally, our analysis …It is a commonly held view that gold protects investors’ wealth in the event of negative economic conditions. In this …

inflation. This study analyzes the inflation-hedging properties of US stocks, bonds, and T-bills at the subindex level during …, the returns of cyclical stocks exhibit a more positive long-run relation with inflation than the returns of non …-cyclical stocks. Stocks in both cyclical and non-cyclical industries have virtually no hedging ability until the fall of Lehman …

We assess the role of gold as a safe haven or hedge against the US dollar (USD) using copulas to characterize average … hedge against USD rate movements, and (2) symmetric tail dependence between gold and USD exchange rates, indicating that … and extreme market dependence between gold and the USD. For a wide set of currencies, our empirical evidence revealed (1 …