The role of precious metals in portfolio diversification during the Covid19 pandemic: A wavelet-based quantile approach

Huthaifa Alqaralleh and Alessandra Canepa

Resources Policy, 2022, vol. 75, issue C

Abstract: In this study the relation between stock markets and precious metals during first wave of Covid-19 pandemic are investigated. We use a wavelet-based quantile procedure to investigate correlation between major stock markets of emerging countries (BRIC) and the United States. Our procedure reveals that precious metals offer market diversification opportunities during the period under consideration. In particular, it is found the gold, silver, platinum, and palladium, all serve as safe-haven assets during periods of market distress across short, medium and long investment horizons.

Keywords: Precious metals; Stock markets; Quantile correlation; Wavelet analysis (search for similar items in EconPapers)
JEL-codes: C14 G1 (search for similar items in EconPapers)
Date: 2022
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (14)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0301420721005390
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:jrpoli:v:75:y:2022:i:c:s0301420721005390

DOI: 10.1016/j.resourpol.2021.102532

Access Statistics for this article

Resources Policy is currently edited by R. G. Eggert

More articles in Resources Policy from Elsevier
Bibliographic data for series maintained by Catherine Liu ().