Resumen:
This paper empirically examines the degree of persistence in four precious metal prices (i.e.,
gold, palladium, platinum, and silver) during the last four U.S. recessions. Unit root tests
and fractional integration techniques suggest that gold still is the most prominent safe
haven asset within this particular asset class. Our analysis highlights gold¿s traditional role
as a hedge against market uncertainty in post-pandemic new era, thus retaining its status
quo as a store of value during economic contractions.