Determinants of gold returns: a principal component approach given the COVID-19 structural changed

Identifier:  TFG:9571

Handle: https://hdl.handle.net/20.500.11797/TFG9571

Authors:  Úbeda Puyo, Pau

Abstract:
This bachelor's thesis investigates the determinants of gold returns and analyzes the existence of a structural break derived from the COVID-19 pandemic. The study is based on the premise that financial assets respond to common systemic forces or co-movements and evaluates whether the traditional dynamics of this safe-haven asset have been altered by recent global instability and the emergence of crypto assets