The price of gold is influenced by a wide range of local and global factors such as commodity prices, interest rates …, inflation expectations, exchange rate changes and stock market volatility among others. Hence, forecasting the price of gold is … evaluate a large set of possible gold price determinants and use both the predictive likelihood and the mean squared error as a …

This study adopts a copula wavelet approach to analyze dynamics of the gold price against bonds, stocks and exchange … rates based on disaggregation of the underlying relationships across different frequencies. We also examine whether gold … 1985, we find that the role of gold changes significantly after the collapse of Lehman Brothers in 2008. Gold is unable to …

Gold is a globally traded asset and held in large quantities by investors and central banks. Since there is no … established model to assess if the price of gold is overvalued or undervalued, we propose a relative valuation framework based on … gold price ratios. We analyze gold prices relative to commodity prices, consumer prices, stock prices, dividend and bond …

This study deals with the issue whether gold actually exhibits the function of a hedge or a safe haven as often … and therefore allows to test whether gold acts as a hedge for stocks, the other one accounts for periods characterized by … extreme market conditions where the volatility of the stock returns is high. The latter state enables us to test whether gold …

The price of gold is influenced by a wide range of local and global factors such as commodity prices, interest rates …, inflation expectations, exchange rate changes and stock market volatility among others. Hence, forecasting the price of gold is … evaluate a large set of possible gold price determinants and use both the predictive likelihood and the mean squared error as a …

Gold is a globally traded asset and held in large quantities by investors and central banks. Since there is no … established model to assess if the price of gold is overvalued or undervalued, we propose a relative valuation framework based on … gold price ratios and focus on potential drivers of resulting misalignments. This idea is not confined to gold but offers …

This study adopts a copula wavelet approach to analyze dynamics of the gold price against bonds, stocks and exchange … rates based on disaggregation of the underlying relationships across different frequencies. We also examine whether gold … 1985, we find that the role of gold changes significantly after the collapse of Lehman Brothers in 2008. Gold is unable to …

This study analyzes the question whether gold provides the ability of hedging against inflation from a new perspective …: First, we show that gold is partially able to hedge future inflation in the long-run and this ability is stronger for the … characterized by regime-dependence, implying that the usefulness of gold as an inflation hedge for investors crucially depends on …