The Impact of COVID-19 on Yield of Precious Metal: an Empirical Evidence

Zhiang Ye
2022 BCP Business & Management  
The current paper aims to establish the relationship between the COVID-19 pandemic and precious metals earnings, in particular, gold and silver earnings. The study analyzes the yield and variance of gold and silver using the VAR model, impulse response analysis, and the ARMA-GARCH model. The study found that the COVID-19 pandemic has a significant positive impact on the gold and silver yield in the short term, which makes the precious metals an excellent market for investment during the pandemic due to their hedging and haven characteristics.
doi:10.54691/bcpbm.v26i.2013 fatcat:afq3yhbavjbvdgh4jowippa2we