Table 4 Results of gold in 2020 and 2021... | Emerald Publishing

Table 4

Results of gold in 2020 and 2021

Quantiles	2020				2021
Quantiles	SI	GB	IS	IB	SI	GB	IS	IB
0.05	−0.1637^***	−0.1736^***	0.0772^***	0.0051^***	−0.0019^***	0.0843^***	0.0084^***	−2.2011^***
0.1	−0.0549^**	−0.0726^***	−0.0219^***	−0.1044^***	−7.497	5.2484	4.0636	5.954
0.25	−0.2895^***	−0.0204^***	0.1393^***	1.1285^***	0.0017	0.1071^***	−0.0069^***	0.5875^***
0.5	−0.3588^***	0.0019	0.2864^***	−0.0533^***	0.0874^***	0.0501^***	0.0018	−0.9891^**
0.75	−0.1198^***	−0.2450^***	0.0737^***	−1.8785^***	−0.0095^***	0.0338^***	−0.0070^***	1.2900^***
0.9	−37.3179	−7.1728	27.4871	−59.1972	−0.0078^***	0.0446^***	−0.0640^***	1.0366^***
0.95	−0.2070^***	−0.2675^***	0.1828^***	−0.2743^***	−1.1718	0.9815	3.8437	−20.5905

Quantiles	2020				2021
Quantiles	SI	GB	IS	IB	SI	GB	IS	IB
0.05	−0.1637^***	−0.1736^***	0.0772^***	0.0051^***	−0.0019^***	0.0843^***	0.0084^***	−2.2011^***
0.1	−0.0549^**	−0.0726^***	−0.0219^***	−0.1044^***	−7.497	5.2484	4.0636	5.954
0.25	−0.2895^***	−0.0204^***	0.1393^***	1.1285^***	0.0017	0.1071^***	−0.0069^***	0.5875^***
0.5	−0.3588^***	0.0019	0.2864^***	−0.0533^***	0.0874^***	0.0501^***	0.0018	−0.9891^**
0.75	−0.1198^***	−0.2450^***	0.0737^***	−1.8785^***	−0.0095^***	0.0338^***	−0.0070^***	1.2900^***
0.9	−37.3179	−7.1728	27.4871	−59.1972	−0.0078^***	0.0446^***	−0.0640^***	1.0366^***
0.95	−0.2070^***	−0.2675^***	0.1828^***	−0.2743^***	−1.1718	0.9815	3.8437	−20.5905

Note(s): ^***, ^**stands for 1% and 5% level of significance; The significance in italics implied safe haven assets