This study analyzes the question whether gold provides the ability of hedging against
inflation from a new perspective. Using data for four major economies, namely the USA, the …

This study examines the long-run hedging ability of gold and silver prices against alternative
measures of consumer price index for the UK and the US. We employ a dataset that spans …

How do changes in expected inflation affect gold prices? Using unexpected changes in the
Consumer Price Index (CPI) this paper shows that surprises in the CPI do not affect gold …

What is the relationship between the price of gold and inflation? How stable is it–over time
and across measures of inflation? We examine this for three countries (the USA, the UK and …

This study evaluates the use of futures contracts for precious metals to hedge against stock
market risks and their hedging effectiveness on the Indonesian Stock Exchange (IDX) and …

In this paper using data for 54 countries we test whether consumer price index (CPI) predicts
gold price returns. Our test for predictability is based on a recently developed flexible …

Among the many presumed characteristics of gold, the ability to act as an enduring store of
value is frequently noted. In this paper, the ability of gold to dynamically hedge against …

This paper investigates the inflation hedging role of gold price after controlling for the prices
of other investment assets. We use annual data on the US economy spanning from 1833 to …

The consumer price index (CPI) is one of the most important macroeconomic indicators for
determining inflation, and accurate predictions of CPI changes are important for a country's …

Ever since the collapse of the Bretton-Woods system, gold has retained its function as an
important monetary commodity (Baur and Lucey, 2010), and continues to provide important …