Can Precious Metals hedge the Risks of Sino-US Political Relation? Evidence from Toda-Yamamoto Granger Causality Test in Quantiles

Yifei Cai, Hao-Wen Chang, Feiyun Xiang, Tsangyao Chang

Research output: Contribution to journalArticlepeer-review

Abstract

By using a novel Granger causality test in quantiles, this study first confirms the hedging role of precious metals (i.e., gold, platinum and silver) to Sino-US political relation risks. The causality is found to be quantile-varied. Important policy implications are provided to investors, arbitrageurs, and funding managers.
Original languageEnglish
Article number104327
JournalFinance Research Letters
Early online date15 Aug 2023
DOIs
Publication statusE-pub ahead of print - 15 Aug 2023

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