Dynamic correlations and hedging effectiveness between gold and stock markets: Evidence for BRICS countries

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Is Gold a Safe Haven? International Evidence Revisited (2020, unknown): “…Baur and McDermott (2010) and Bekiros et al. (2017) find that gold is not a safe haven asset for large emerging markets such as the BRICS countries, Chkili (2016), on the other hand, using an asymmetric dynamic conditional correlation approach, reach to the conclusion that gold is a safe haven…”
Dynamic correlation of precious metals and flight-to-quality in developed markets (2017, background): “However, it is well known from literature that precious metals feature distinct properties such as asymmetry or long memory in variance ( Arouri et al., 2012; Chkili et al., 2014; Chkili, 2016; Hammoudeh et al., 2010 ).”
Cointegration and nonlinear causality amongst gold, oil, and the Indian stock market: Evidence from implied volatility indices (2017, unknown): “Furthermore, based on strong evidence on the hedge and safe haven properties of gold, and to a lesser extent of oil, investors often hedge the downside risk of their equity portfolio using these two commodities (Chkili, 2016; Ciner et al., 2013).”