The Price of Gold as a Hedge Against the US Dollar
We address the issue of whether the dollar (US dollar) price of gold can be used to hedge the external purchasing power of the dollar. We decompose the dollar price of gold into two parts: a global price of gold and a global price of the dollar. We find that there is no correlation between fluctuati...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Tuwhera Open Access Publisher
2016-06-01
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| Series: | Applied Finance Letters |
| Subjects: | |
| Online Access: | https://ojs.aut.ac.nz/applied-finance-letters/article/view/33 |