The COVID 19 pandemic has had wide-ranging and severe effects on global economies. Stock markets as usual were the first to react, with drop rates as much as the global financial crises of 2008. This study uses daily data to model the dynamic impact of the COVID 19 pandemic on the first affected...

The aim of this paper is to assess the efficiency of a set of 62 precious metal mutual funds (PMMFs) and to explain performance differences between funds using weighted additive data envelopment analysis (DEA) and Tobit regression, respectively. The contribution of this paper is twofold: to...

The recent increase in precious metals prices has been partly attributed to the strong flows into related Exchange Traded Products (ETPs) and thus there are growing concerns that ETPs' flows are distorting prices away from their fundamentals. Literature on the relationship between commodity...

The present study examines the effects of oil price on white precious metal returns by using quantile-on-quantile regression proposed by Sim and Zhou (2015). In this study, we mainly focus on the returns of three white precious metals, which include palladium, silver, and platinum. The study is...

This study examines the conditional correlation and the resulting optimal hedge ratios between the Credit Default Swap (CDS) spreads of the U.S. metal and mining industries, and the prices of copper, platinum, silver and gold using the daily date from December 14, 2007 to August 18, 2018. It...

We examine the literature on the financial economics of precious metals from a bibliometric and scientometric perspective. We surface the main trends and authors in the area over the last two decades, and provide estimates of the density of the networks of researchers and research. Clear...

We use multivariate random forests to compute out-of-sample forecasts of a vector of returns of four precious metal prices (gold, silver, platinum, and palladium). We compare the multivariate forecasts with univariate out-of-sample forecasts implied by random forests independently fitted to...

"Half fable, half manifesto, this brilliant new take on the ancient concept of cash lays bare its unparalleled capacity to empower, enchant, and control us. Frederick Kaufman tackles the complex history of money, beginning with the earliest myths and wrapping up with Wall Street's byzantine...

This study explores whether metals act as hedges and safe havens for currency investing portfolios. Three widely used currency investment strategies: carry, momentum and value are adopted. The empirical results argue that gold and silver do exhibit hedge and safe haven properties for all three...

In the years of 21st century, the world palladium demand has increased steadily and dramatically. However, its spot price still has not reached the peak level observed in January 17, 2001. In 2008, a single-day increase of the palladium spot price has exceeded 37%, which witnesses significant...

Other than as a medium of exchange, gold has been a consumption and investment product for a long history. It has been recognized a well-positive role in portfolio performance by many financial market practitioners. During the recent financial crisis, gold spot prices have exhibited significant...

Exploring the information contained in Commodity Futures Trading Commission's (CFTC) Commitments of Traders (COT) reports, this analysis investigates the forecasting ability of investor sentiment index in three major precious metal futures markets, namely, Gold, Silver, and Platinum. A strong...

Given the increased attention of precious metals by investors and the finance literature as well as the growth of high frequency trading, the behaviour of intraday precious metal markets is of great interest and importance. Therefore, this paper examines the stylized facts, correlation and...

This paper provides strong evidence of time-varying return predictability of three precious metals from January 1987 to September 2014. We use three variations of the variance ratio test, the nonlinear BDS test as well as the Hurst exponent to evaluate the time-varying return predictability of...

This study examines the long-run relationships between major precious metal prices over the last forty years. Using a vector error correction model, we find that weekly futures log prices of gold and silver, and gold and platinum appear to be cointegrated. The results show that the cointegrating...

This study analyzes the sensitivity of different external factors to the returns of the precious metals of gold, silver, platinum and palladium. The goal is to find similarities and differences between the dependencies of every factor to each metal as well as study the sensitivities in a...

Several studies explore the use of gold and other precious metals for protecting investors' wealth during periods of market turmoil. However, alternative investments, although increasing in popularity, still remain unfamiliar to the majority of investors. We explore the safe haven and hedging...