ML-QuantSubscribe

RePEcAsset Pricing & Factors

Chasing El Dorado: gold under shifting geopolitical and financial conditions

Geopolitical risks increase gold returns more strongly during loose financial conditions via credit and liquidity channels, with the largest impact in 2024–26.

Read the paper PDF
View as MarkdownOpen in ClaudeOpen in ChatGPTOpen in PerplexitySite index for AI (llms.txt)

Featured in No. 137 on 30 Oct 2026 · 11 days after release

Impulse response functions showing geopolitical risk impact on gold returns under tight versus loose credit conditions.
Figure 9: Cumulative IRF of GPR shocks on gold price returns conditional on credit and liquidity risk conditions. Note: Shocks are orthogonal and uncorrelated with financial sources of uncertainty (VIX index). High credit and liquidity risk conditions occur when the credit-spread subcomponent of th…
Released
19 Oct 2026
First featured
No. 137 · 30 Oct 2026
Published in
Not yet, as far as Semantic Scholar knows
Fanfare
2 of 5
Identifier
RePEc:bis:biswps:1380
Authors
Rafael Guerra and Gabriel Zelpo

Citations and venue from Semantic Scholar (ODC-BY), refreshed weekly. Summary: Quant Letter (CC BY 4.0).

    Type to search. Try rough volatility, LLM agents or FinGPT.

    ↑↓ move↵ openesc closeFull search page