首页|Precious metals as hedge and safe haven for African stock markets

Precious metals as hedge and safe haven for African stock markets

扫码查看
原文链接
  • NSTL
  • Elsevier
? 2022 Elsevier LtdThis study investigates the diversification properties of precious metals for African stock markets. We report that gold offers the strongest safe haven and hedging potential for African equity markets. Our quantile-coherency analysis indicates a low safe haven ability of precious metals in the long-run. Palladium provides both safe haven and hedge opportunities in the short-term, while Platinum holds only its hedging potential in the same spectrum. The GFC period provides important revelations; gold joins platinum as a safe haven with silver as a hedge. Our results suggest dynamic diversification opportunities for investors in African equity markets using precious metals more so in the short-term.

African stock marketsHedge effectivenessPrecious metalsQuantile coherency

Naeem M.A.、Agyemang A.、Hasan M.、Shahzad S.J.H.、Hasan Chowdhury M.I.

展开 >

Accounting and Finance Department United Arab Emirates University

School of Economics and Finance Massey University

Teesside University International Business School Teesside University

Montpellier Business School

Independent researcher

展开 >

2022

10.1016/j.resourpol.2022.102781

Resources policy

Resources policy

EISSCI
ISSN：0301-4207
年,卷(期)：2022.78
  • 7
  • 56