---
title: Bullion as Hedge for Oil
url: https://www.ml-quant.com/papers/repec/rfb-journl-v-16-y-2024-i-1-p-33-41/
site: ML-Quant (https://www.ml-quant.com)
updated: 2026-09-26
license: Summaries CC BY 4.0; links go to the original sources
index: https://www.ml-quant.com/llms.txt
identifier: RePEc:rfb:journl:v:16:y:2024:i:1:p:33-41
source_url: https://econpapers.repec.org/scripts/redir.pf?u=http%3A%2F%2Frfb.ase.ro%2Farticole%2FRFB_2024V1_art_3-2.pdf%3Bh%3Drepec%3Arfb%3Ajournl%3Av%3A16%3Ay%3A2024%3Ai%3A1%3Ap%3A33-41
featured: 2025-02-05
citations: unknown
topic: Derivatives & Volatility
---


# Bullion as Hedge for Oil

Gold and silver served as a medium-term investment hedge for crude oil during the Russia-Ukraine war, but only a weak safe haven during periods of conflict.

- Source: https://econpapers.repec.org/scripts/redir.pf?u=http%3A%2F%2Frfb.ase.ro%2Farticole%2FRFB_2024V1_art_3-2.pdf%3Bh%3Drepec%3Arfb%3Ajournl%3Av%3A16%3Ay%3A2024%3Ai%3A1%3Ap%3A33-41
- Identifier: RePEc:rfb:journl:v:16:y:2024:i:1:p:33-41
- Released: 2024-09-09
- First featured: Quant Letter No. 84 (2025-02-05): https://www.ml-quant.com/issues/2025-02-05/
- Citations (Semantic Scholar): not tracked
- Published in: not yet
- Topic: Derivatives & Volatility

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