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 … findings show that gold serves as a hedge and a safe haven. However, this ability seems to be market-specific. In addition, by …

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 analysing the hedge and safe haven properties of gold against equity market investment … is both a hedge and a safe haven in most of these countries. This result also holds in the post-2008 crisis period. In …

effective hedge against risk in all stock sectors. CDS also provide a safe haven in times of extreme stock market volatility and …

countries, although gold appears as a strong hedge versus the US stock index. A closer look at the data shows that these results …

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 …

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 …

This paper examines gold's hedging and value-preserving properties against fluctuations in the US dollar. We propose a … likelihood ratio test that draws a distinction between hedging and safe-haven characteristics on the basis of the conditional … 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 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 …

argue that the anomaly can be explained with hedging demand by investors in anticipation of the “Halloween effect” in the …