A Study on the Hedging Function of Gold in the Light of Economic Policy Uncertainty

Table 5

ADF test results.

Variables	ADF values	Test form (c,t,k)	-value	Stability
rt	−13.9385	(0, 0, 0)	0.001	Stable
rs	−11.3134	(0, 0, 0)	0.001	Stable
re	−17.4042	(0, 0, 1)	0.001	Stable