We study two different safe haven assets, US government bonds and gold, and examine how the price changes of these … buy gold when faced with extreme uncertainty about the state of the economy or thefinancial system and when they receive …

The aim of this paper is to examine the role of gold in the global financial system. We test the hypothesis that gold … sample spanning a 30 year period from 1979-2009 shows that gold is both a hedge and a safe haven for major European stock … distinguish between a weak and strong form of the safe haven and argue that gold may act as a stabilizing force for the financial …

price (and thus the rate of return) of gold and silver. Both these metals retain important industrial, commercial and … hypothesise is due to the changing nature of the demand patterns for gold versus silver. Classification- …

This paper addresses two questions. First, we investigate whether gold is a hedge against stocks and/or bonds and … second, we investigate whether gold is a safe haven for investors if either stocks or bonds fall. A safe haven is defined as …, bonds and gold in order to investigate the existence of a hedge and a safe haven. The empirical analysis examines US, UK and …

We investigate the volatility structure of gold, trading as a futures contract on the Chicago Board of Trade (CBOT …

second part of the paper outlines the attractive nature of the gold asset in equity portfolios. The paper then integrates the … two elements, showing the changes in portfolio composition that arise when not only skewness but gold are concerned. …

We investigate the information shares of the two main centers of gold trading, over a 25 year period, using non …

We offer the first examination of whether the gold forward rate is an unbiased predictor of the future gold spot rate … behavioural factors such as market optimism and over-reaction to news. We find that forecast errors in the gold market generally … suffer from overreaction to observed spot price changes but underreact to outflows of gold from Exchange Traded Funds …

This paper examines the conditional and unconditional mean returns and variance of returns of daily gold and silver … Monday effect in both gold and silver, across cash and futures markets. When the mean and variance are analysed …