Geopolitical Shocks and Market Resilience: Evidence from Commodity, Crude Oil, Natural Gas, and Gold Markets
Journal: Preprints.org
Year: 2025

Amid heightened geopolitical risk (GPR) shocks this study empirically investigates the dynamic interconnectedness among key commodities—namely crude oil, natural gas, and gold markets—to evaluate their potential resilience to unfolding crises, including the Russia-Ukraine conflict, Middle Eastern supply chain disruptions, the COVID-19 pandemic, and the ongoing global economic recession. Utilizing a comprehensive daily dataset spanning January 2, 2008, to November 30, 2024, this research examines