Before revision: We analyze the dynamics of the prices of gold, oil, and stocks over 26 years (1987-2012) using both intra-day and daily data and employing a variety of methodologies including a novel time-frequency approach.
After revision: We employ a wavelet approach and conduct a time-frequency analysis of dynamic correlations between pairs of key traded assets ( gold, oil, and stocks over 26 years (1987-2012) using both intra-day and daily data and employing a variety of methodologies including a novel time-frequency approach.