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COVID-19 Pandemic and Its Influence on Safe Havens: An Examination of Gold, Silver, and Platinum

COVID-19 Pandemic and Its Influence on Safe Havens: An Examination of Gold, Silver, and Platinum

Rui Teixeira Dias, Pedro Pardal, Hortense Santos, Cristina Vasco
Copyright: © 2021 |Pages: 15
ISBN13: 9781799869269|ISBN10: 1799869261|EISBN13: 9781799869276
DOI: 10.4018/978-1-7998-6926-9.ch016
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MLA

Dias, Rui Teixeira, et al. "COVID-19 Pandemic and Its Influence on Safe Havens: An Examination of Gold, Silver, and Platinum." Handbook of Research on Reinventing Economies and Organizations Following a Global Health Crisis, edited by Teresa Gomes da Costa, et al., IGI Global, 2021, pp. 289-303. https://doi.org/10.4018/978-1-7998-6926-9.ch016

APA

Dias, R. T., Pardal, P., Santos, H., & Vasco, C. (2021). COVID-19 Pandemic and Its Influence on Safe Havens: An Examination of Gold, Silver, and Platinum. In T. Costa, I. Lisboa, & N. Teixeira (Eds.), Handbook of Research on Reinventing Economies and Organizations Following a Global Health Crisis (pp. 289-303). IGI Global. https://doi.org/10.4018/978-1-7998-6926-9.ch016

Chicago

Dias, Rui Teixeira, et al. "COVID-19 Pandemic and Its Influence on Safe Havens: An Examination of Gold, Silver, and Platinum." In Handbook of Research on Reinventing Economies and Organizations Following a Global Health Crisis, edited by Teresa Gomes da Costa, Inês Lisboa, and Nuno Miguel Teixeira, 289-303. Hershey, PA: IGI Global, 2021. https://doi.org/10.4018/978-1-7998-6926-9.ch016

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Abstract

This chapter aims to analyze the rebalancing of portfolios in the financial markets of China Hong Kong, Malaysia, Singapore, Indonesia, Japan, Philippines, Thailand, South Korea, gold (Bullion(Zurich) kg(995) CHF), silver (Paris Spot E/KG), platinum (Paris Spot E/KG), in the period from 2 September 2019 to 2 September 2020. The rhoDCCA results show that platinum is not a safe port for portfolio rebalancing in these regional markets, while silver is also not a safe port for the markets of Malaysia (KLSE), South Korea (KOSPI). As far as gold is concerned, the authors do not see any strong rhoDCCA which could be a safe harbor for these regional markets in this period of the 2020 pandemic crisis, which partly validates the first research question. The exponents detrended fluctuation analysis (DFA) show pronounced long memories, with the exception made to the gold market that shows signs of balance, that is, the second question of investigation is validated.

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