Gold in the South African Market: A Safe Haven or Hedge?

Seetharam, Yudhvir; Bodington, Lauren

doi:10.3790/aeq.61.4.331

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2022

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“…This confirms the role of gold as a hedge for both oil and Islamic markets. Seetharam and Bodington ( 2015 ) point out that hedges are useful instruments for portfolio risk management and gold has been classified as hedges against many economic and financial variables in addition to its value as a financial asset.…”

Section: Resultsmentioning

confidence: 99%

The links between gold, oil prices and Islamic stock markets in a regime switching environment

Chkili

2022

Eurasian Econ Rev

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This paper investigates the linkages between gold, oil prices and Islamic stock market for the turbulent period 1996-2020 which covers the recent COVID-19 pandemic crisis. The paper applies standard VAR and Markov switching VAR models. Empirical results can be summarized as follows: (i) There are some significant relationships between the considered markets. (ii) The sign of the links varies significantly according to markets and regimes. (iii) There is a significant and positive link between oil and Islamic stock markets namely during turbulent periods suggesting the financialization of the crude oil market. (iv) The negative or the absence of relationships between gold market and both oil and Islamic stock markets indicate that gold can act as a hedge and safe haven during extreme market conditions. These findings have several practical implications for risk-management and portfolio diversification strategies.

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Section: Resultsmentioning

confidence: 99%

The links between gold, oil prices and Islamic stock markets in a regime switching environment

Chkili

2022

Eurasian Econ Rev

View full text Add to dashboard Cite

show abstract

Gold in the South African Market: A Safe Haven or Hedge?

Cited by 1 publication

References 30 publications

The links between gold, oil prices and Islamic stock markets in a regime switching environment

The links between gold, oil prices and Islamic stock markets in a regime switching environment

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