The KRX (Korea Exchange) gold market opened in March 2014 according to the government policy legalizing financial … transactions, and traded one-gram unit of real gold by Korean currency (KRW) in the exchange market. Despite the fact that the KRX … gold market shows high efficiency in terms of taxes and fees in contrast to the existing gold market, studies on the KRX …

The aim of this paper is to examine the role of gold in the global financial system. We test the hypothesis that gold … sample spanning a 30 year period from 1979-2009 shows that gold is both a hedge and a safe haven for major European stock … distinguish between a weak and strong form of the safe haven and argue that gold may act as a stabilizing force for the financial …

This study examines gold’s contribution to portfolio risk over different time scales. The analysis is based on wavelet … decompositions of the variances and covariances associated with a portfolio that includes gold, stocks, 10-year government bonds and … three-month Treasury bills. The results suggest that gold provides the lowest contribution to portfolio risk only when …

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 analyzing the hedge and safe haven properties of gold against equity market investment … also check whether our findings differ in the post-global crisis period. Our results show that for domestic investors, gold …

This study examines the international information transmission among three major gold futures markets namely COMEX, MCX … series which can mitigate the stale price problem from daily observations. The evidences indicate that the three gold futures … markets still exists with the dominance of COMEX gold futures as the centre of price discovery …

The aim of this study is to investigate the relationships between the stock exchange, gold, and foreign exchange … returns in Turkey. The monthly data of the Istanbul Stock Exchange (ISE), foreign exchange and gold prices for the period 1990 …

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 …

The notion that investors shift to gold during economic market crises remains unverifed for many cryptocurrency markets …. This paper investigates the connectedness between the 10 most traded cryptocurrencies and gold as well as crude oil markets … analyses, we explore the relationship between these markets and assess the safe-haven properties of gold and crude oil for …

heteroskedasticity to investigate asymmetric cointegration and causal relationships between West Texas Intermediate Crude Oil and gold … an asymmetric long-run adjustment exists between gold and oil. Furthermore, the causality relationship shows that West … institutions who can use the findings here to gold prices based on oil prices …

This paper investigates whether gold and silver can be considered safe havens by examining their long-run linkages with … 22 stock price indices. More specifically, the stochastic properties of the differential between gold/silver prices and … is found for the gold price differential vis-à-vis BEF, BSE, CAC, DOW, KLS, KS1, MXX, N100, NAS, NYA and SP5 and for both …