Deep Diving Into Sustainable Stock Markets Connectivity Analysis
Deep Diving Into Sustainable Stock Markets Connectivity Analysis

Author(s): Cristina Palma, Rui Dias, Rosa Galvão, Paulo Alexandre, Sidalina Gonçalves
Subject(s): Social Sciences
Published by: Udruženje ekonomista i menadžera Balkana
Keywords: Contagion; Clean energy; Gold and silver; Safe haven
Summary/Abstract: This study’s purpose is to assess the safe haven characteristics of the precious metals Gold, Handy & Harman, Silver and Handy & Harman concerning the clean energy indices S&P Global Clean Energy and WilderHill Clean Energy, testing this evidence through the contagion phenomenon. The results indicate that Gold and Silver act as safe-haven assets with clean energy indices such as the WilderHill Clean Energy Index and the S&P GLOBAL CLEAN ENERGY. So, investors tend to favour Gold and Silver over clean energy indices in periods of uncertainty in the financial markets due to their identified stability and security. This perception is attributed to the historical function of precious metals as stores of value and their vast industrial applications and acceptance as forms of payment. These results have important implications for investment decisions, especially during periods of volatility and uncertainty in the financial markets.

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