Is gold the best hedge and a safe haven under changing stock market volatility

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Does gold hedge stock market, inflation and exchange rate risks? An econometric investigation (2017, methodology): “Hood and Malik (2013) compared the hedge and haven property of gold, silver and platinum with the volatility index (VIX) for the US market using daily data from November 1995”
Dynamic correlation of precious metals and flight-to-quality in developed markets (2017, background): “A discussion on volatility transmission is found in Hood and Malik (2013) and Gold is identified to be a weak safe haven, inferior to the VIX as safe haven investment.”
Volatility spillovers and cross-hedging between gold, oil and equities: Evidence from the Gulf Cooperation Council countries (2017, neutral): “However, most of the literature has focused on developed countries (Baur and McDermott, 2010; Hood and Malik, 2013; Choi and Hammoudeh, 2010; Creti et al. 2013; Ciner, 2013), while developing countries have only recently started receiving further attention (Basher and Sadorsky, 2016).”
Dynamic spillover effects among crude oil, precious metal, and agricultural commodity futures markets (2017, background): “1 Many studies have researched the oil–stock nexus (e.g. Hammoudeh et al., 2004; Filis et al., 2011; Arouri et al., 2012; Sadorsky, 2012, 2014; Mensi et al., 2014; Salisu and Oloko, 2015) and the gold–stock nexus (e.g. Baur and McDermott, 2010; Hood and Malik, 2013; Arouri et al., 2015).”