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 …

explanations for this phenomenon are leverage and a volatility feedback effect. This paper studies the volatility of gold and … volatility by more than negative shocks. The paper argues that this effect is related to the safe haven property of gold …. Investors interpret positive gold price changes as a signal for future adverse conditions and uncertainty in other asset markets …

This paper studies recurring annual events potentially introducing seasonality into gold prices. We analyze gold … statistically significant gold price changes. This “autumn effect” holds unconditionally and conditional on several risk factors. We … stock market, wedding season gold jewelery demand in India and negative investor sentiment due to shorter daylight time. The …

assets (gold, oil, and stocks) covering the period from 1987 to 2012. The analysis is performed on both intra-day and daily …. Heterogeneity prevails in correlations between gold and stocks. After the 2008 crisis, correlations among all three assets increase …

assets (gold, oil, and stocks) covering the period from 1987 to 2012. The analysis is performed on both intra-day and daily …. Heterogeneity prevails in correlations between gold and stocks. After the 2008 crisis, correlations among all three assets increase …

examine the multiscale interdependence structure of global equity, gold, and oil markets prior to and following the COVID-19 …, and kurtosis). With respect to the equity-gold nexus, we find that stock (gold) returns and volatility negatively … (positively) lead their gold (stock) counterparts at medium- and long-term scales in the pandemic period, while asymmetry risk in …

This paper examines the dynamic relationships between gold and stock markets in China. Using daily gold and stock … between gold and stock and to check the effectiveness of gold as a hedge or a safe haven for stocks. Results showed that: (1 … to the increasing investment demand of gold, the hedging effect of gold on China’s stock market has strengthened …

competing models. We show that the forecasting gains translate into economically and statistically significant (risk …