relationship between gold prices and the US unemployment rate, using three different periods of monthly observation, Model I: 1978 … gold and unemployment in Models II and III, with Model III representing the strongest and most significant relationship …. During 2008-2016 the price of gold increases by 4.7% for every 1% change in the unemployment rate, ceteris paribus. The short …

error correction model for testing the hypothesis of dynamic hedging characteristics of gold on exchange rate. As the … existing literature has never considered that the foreign exchange risk hedged by gold is dynamic, this study can fill the … research gap in this area. The empirical results show that: First, gold can partly hedge against the depreciation of the …