This paper empirically examines the degree of persistence in four precious metal prices (i.e., gold, palladium …, platinum, and silver) during the last four U.S. recessions. Unit root tests and fractional integration techniques suggest that … gold still is the most prominent safe haven asset within this particular asset class. Our analysis highlights gold …

This study adopts a copula wavelet approach to analyze dynamics of the gold price against bonds, stocks and exchange … rates based on disaggregation of the underlying relationships across different frequencies. We also examine whether gold … 1985, we find that the role of gold changes significantly after the collapse of Lehman Brothers in 2008. Gold is unable to …

periods, whereas in case of gold futures the correlation becomes negative, which supports the safe haven hypothesis of gold …. For energy sector equities, the dynamics of hedge ratios does not support using either crude oil or gold futures for cross …