TY - JOUR A1 - Kinateder, Harald A1 - Gurrib, Ikhlaas A1 - Choudhury, Tonmoy T1 - Navigating crises: Gold's role as a safe haven for U.S. sectors JF - Finance Research Letters (Online ISSN: 1544-6131) N2 - This paper investigates the correlation between U.S. sectors and gold, and whether gold can serve as a safe haven for investors in specific U.S. sectors during the global financial crisis, COVID-19, and the Russia-Ukraine war. We use data from the Standard & Poor's Depository Receipts (SPDR) Select Sector Exchange Traded Fund (ETF) to capture the performance of the respective sectors. Our findings document that gold is a weak safe haven for most U.S. sectors. Gold is not a safe investment for energy, materials, utilities, and consumer staples. Gold does provide vital protection for financial, consumer discretionary, industrial, technology, and healthcare. KW - DCC-GARCH KW - Exchange-traded funds KW - Safe haven KW - U.S. sectors KW - COVID-19 KW - Global Financial Crisis KW - Russia-Ukraine war Y1 - 2024 U6 - http://nbn-resolving.de/urn/resolver.pl?urn:nbn:de:bvb:739-opus4-18974 VL - 2024 IS - 69 B PB - Elsevier CY - Amsterdam ER -