The price of gold is influenced by a wide range of local and global factors such as commodity prices, interest rates …, inflation expectations, exchange rate changes and stock market volatility among others. Hence, forecasting the price of gold is … evaluate a large set of possible gold price determinants and use both the predictive likelihood and the mean squared error as a …

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 …

We study two different safe haven assets, US government bonds and gold, and examine how the price changes of these … buy gold when faced with extreme uncertainty about the state of the economy or thefinancial system and when they receive …

The price of gold is influenced by a wide range of local and global factors such as commodity prices, interest rates …, inflation expectations, exchange rate changes and stock market volatility among others. Hence, forecasting the price of gold is … evaluate a large set of possible gold price determinants and use both the predictive likelihood and the mean squared error as a …

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 …

This paper studies the exposure of Australian gold mining firms to changes in the gold price. We use a theoretical … framework to formulate testable hypotheses regarding the gold exposure of gold mining firms. The empirical analysis based on all … gold mining firms in the S&P/ASX All Ordinaries Gold Index for the period from January 1980 to December 2010 finds that the …

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 and focus on potential drivers of resulting misalignments. This idea is not confined to gold but offers …

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 paper addresses two questions. First, we investigate whether gold is a hedge against stocks and/or bonds and … second, we investigate whether gold is a safe haven for investors if either stocks or bonds fall. A safe haven is defined as …, bonds and gold in order to investigate the existence of a hedge and a safe haven. The empirical analysis examines US, UK and …

The price of gold is influenced by a wide range of local and global factors such as commodity prices, interest rates …, inflation expectations, exchange rate changes and stock market volatility among others. Hence, forecasting the price of gold is … evaluate a large set of possible gold price determinants and use both the predictive likelihood and the mean squared error as a …