Manchester School, Год журнала: 2024, Номер unknown

Опубликована: Дек. 19, 2024

ABSTRACT Investigating gold's safe‐haven status is crucial to stabilising energy and cryptocurrency markets. To capture the dynamic relationships between energy‐related uncertainty (ERU), gold prices (GP), policy (CPOU), this study employs TVP‐SV‐VAR methodology. Through quantitative analysis, we find ERU has favourable unfavourable effects on GP. The impact underscores role against market uncertainty. At same time, negative contradicts view theoretical models, likely due U.S. dollar's value hedging performance other uncertainties. CPOU, however, positively impacts GP, supporting characteristics in aligning with predictions. Gold's comparably more consistent but slightly less significant. Additionally, validates findings by substituting CPOU price (CPRU), confirming their robustness. Given high volatility markets, article offers valuable insights for authorities maximise profits ensure stable growth.

Язык: Английский