Abstract
This paper shows that gold’s safe haven property crucially depends on gold’s exchange rate with the respective currency for local investors. A sample of 68 international equity market indices demonstrates that currencies significantly affect the strength of the safe haven effect, enhancing or diminishing the effect. Volatile and “risk-on” currencies boost gold’s safe haven property while “risk-off” currencies weaken the safe haven effect.
Full Text 
Sign-in/Register to access full text options
Sign-in/Register to access full text options 
Published version (
Free)
Free) 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a call
