Mensi, Walid; Maitra, Debasish; Selmi, Refk; Xuan Vinh Vo - In: Financial innovation : FIN 9 (2023) 1, pp. 1-27
This study addresses whether gold exhibits the function of a hedge or safe haven as often referred to in academia. It … the risks facing market participants provided with accurate information about various gold and stock market scenarios (i ….e., bear, normal, bull). The results provide strong evidence of quantile dependence between gold and stock returns. Positive …