Reassessing the role of precious metals as safe havens–What colour is your haven and why?

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The effects of uncertainty measures on the price of gold (2018, methodology): “…to investors over periods of high economic and political uncertainties, there is an emerging interest in studying the role of risk perceptions and uncertainty measures on gold prices in the financial economics literature (see e.g. Balcilar et al., 2016; Jones and Sackley, 2016; Li and Lucey, 2017).”
Assessing the safe haven property of the gold market during COVID-19 pandemic (2021, background): “Several studies have examined the safe haven property of gold (Bouri, Shahzad, Roubaudd, Kristoufeke, & Lucey, 2020; Shahzad et al., 2020); and other precious metals (Li & Lucey, 2017; Peng, 2019; Sakemoto, 2018).”