Is Gold a Hedge or a Safe Haven? An Analysis of Stocks, Bonds, and Gold

By Mohammed Saqib. 2010

1,229 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/a69e30fda3590ba74ec1687fcdf5794e4c90bc61

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In Economics and Econometrics

Citations in the corpus

Forecasting gold price with the XGBoost algorithm and SHAP interaction values (2021, neutral): “Finally, it is also well known that precious metals play a prominent role especially to hedge against adverse financial events, the so‑called “safe haven” hypothesis in the literature (Baur & Lucey, 2010; Baur & McDermott, 2010).”
Volatility spillovers and cross-hedging between gold, oil and equities: Evidence from the Gulf Cooperation Council countries (2017, positive): “Chua et al. (1990) and Baur and Lucey (2010) provide further supporting evidence on the safe haven status of gold.”
Safe Haven Currencies (2010, neutral): “In contrast, Baur and Lucey (2006) define it as an asset that does not”
The economic value of Bitcoin: A portfolio analysis of currencies, gold, oil and stocks (2019, neutral): “Gold is also an important asset class that serves both as an industrial raw material (commodity) and a store of value during financial distress, currency devaluation and inflation (Capie et al., 2005; Baur and Lucey, 2010).”
What precious metals act as safe havens, and when? Some US evidence (2015, positive): “Operational definitions started to emerge in 2010s by Baur and Lucey (2010) and Baur and McDermott (2010).”
Are Bitcoin and Ethereum safe-havens for stocks during the COVID-19 pandemic? (2020, positive): “In the same period, gold as a safe-haven (Baur and Lucey, 2010) also drops, but only about 3.53%. Before the cryptocurrency era, a strand of literature has documented the properties of safe-haven assets. For instance, Baur and Lucey (2010) state that an asset is a safe-haven if it is uncorrelated wi”
How oil prices, gold prices, uncertainty and risk impact Islamic and conventional stocks? Empirical evidence from QARDL technique (2020, background): “Baur and Lucey (2010) found gold as a safe haven for securities in the USA, UK, and Germany.”
Identifying Uncertainty Shocks Using the Price of Gold (2018, positive): “More detail 9Baur and McDermott (2010) and Baur and Lucey (2010) find empirical support for the hypothesis that gold is a safe haven asset.”
Bitcoin is not the New Gold – A comparison of volatility, correlation, and portfolio performance (2018, positive): “In view of the ﬂight-to-quality phenomenon (Hammoudeh et al., 2010) and safe haven categorization (Baur & Lucey, 2010), time of market turmoil or distress is of particular interest.”
Are gold and silver a hedge against inflation? A two century perspective (2015, background): “LRtvc T = −2 [ l̂T(r,m = 0) − l̂T(r,m) ] (6)”
Does gold act as a hedge or a safe haven for stocks? A smooth transition approach (2014, neutral): “Our econometric framework is based on a regression of gold returns on stock returns as suggested by Baur and Lucey [2010].”
Forecasting precious metal returns with multivariate random forests (2018, neutral): “Researchers have studied the hedging and safe-haven properties of precious metals (Baur and McDermott 2010; Baur and Lucey 2010; Beckmann et al. 2015) and various aspects of the links between precious metal prices and important economic variables like exchange rates, interest rates, and the oil…”
Hedging capabilities of bitcoin. Is it the virtual gold (2016, methodology): “Results The output of the Threshold GARCH model inspired by Baur and Lucey (2010) is shown in Table 2.”
Is Gold a Safe Haven? International Evidence Revisited (2020, positive): “Baur and Lucey (2010) find that, except for Australia, Canada, and Japan, gold is a safe haven for major European stock markets and the US. Ciner et al. (2013), Baur and McDermott (2010) and Liu (2019) confirm the safe haven feature of gold for advanced economies(3). However, when it comes to equity”