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 …

This paper investigates the roles of hedging and safe haven of gold against exchange rates using data from six major … markets. We find that exchange rate Granger-causes the return on gold in both mean and variance level except for some extreme … quantiles. The quantile-on-quantile regression results imply that gold can act as a hedge for exchange rates in France, India …