EconPapers    
Economics at your fingertips  
 

Will Gold Always Shine amid World Uncertainty?

Chi-Wei Su, Lidong Pang, Muhammad Umar and Oana-Ramona Lobonţ

Emerging Markets Finance and Trade, 2022, vol. 58, issue 12, 3425-3438

Abstract: This article investigates whether gold will always shine amid world uncertainty or not. The quantile on quantile (QQ) approach is employed to detect the mutual relationship between the world uncertainty index (WUI) and gold price (GP). We find the impacts of WUI on GP, in different quantiles, varies and runs in cycles. The positive influence that ripples from WUI toward GP indicates that gold will shine over economic or political chaos periods. However, this viewpoint cannot be recognized when considering the negative impacts of the WUI on GP. Also, by evaluating the compound influence from GP to WUI, we suggest that the gold market acts as a barometer of global risk according to the market states.

Date: 2022
References: Add references at CitEc
Citations: View citations in EconPapers (18)

Downloads: (external link)
http://hdl.handle.net/10.1080/1540496X.2022.2050462 (text/html)
Access to full text is restricted to subscribers.

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:mes:emfitr:v:58:y:2022:i:12:p:3425-3438

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/MREE20

DOI: 10.1080/1540496X.2022.2050462

Access Statistics for this article

More articles in Emerging Markets Finance and Trade from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst (chris.longhurst@tandf.co.uk).

 
Page updated 2024-12-28
Handle: RePEc:mes:emfitr:v:58:y:2022:i:12:p:3425-3438