BenSaïda, AhmedHaddash, Ghadeer2024-01-252024-01-252023-01-18http://hdl.handle.net/20.500.14131/1384In accordance with the timing of fiscal and monetary stimulus measures to help the faltering economy, this study investigates the function of gold as a hedge or safe-haven asset during various COVID-19 pandemic crisis phases. Empirical analyses are carried on gold and major stock indices for a period spanning from March 1, 2012, to January 28, 2022. The methodology employs a multiple linear regression model. The results suggest that gold was a safe-haven asset for stock markets during the pandemic, which may have been due to investors increasing their investment in gold as a "flight to safety asset" during the crisis. Additionally, a large increase in hedging expenses. These results shed light on how gold has changed over time as a hedge and safe-haven asset, and they offer direction to policymakers, regulators, and the mediaenThesis