Alqaralleh Huthaifa, Canepa Alessandra
Department of Economics, Business and Finance, Mutah University, Karak, Jordan.
Department of Economic and Statistics Cognetti De Martiis, University of Turin, Lungo Dora Siena 100A, 10153, Turin, Italy.
Resour Policy. 2022 Mar;75:102532. doi: 10.1016/j.resourpol.2021.102532. Epub 2021 Dec 28.
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.
在本研究中，我们调查了新冠疫情第一波期间股票市场与贵金属之间的关系。我们使用基于小波的分位数程序来研究新兴国家（金砖国家）和美国主要股票市场之间的相关性。我们的程序表明，在所考虑的时期内，贵金属提供了市场多元化机会。特别是，研究发现黄金、白银、铂金和钯在短期、中期和长期投资期限的市场困境时期均充当避险资产。
