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

Table 6

Coefficients and t-statistics of the VAR model.

	RT(−1)	RT(−2)	RS(−1)	RS(−2)	RE(−1)	RE(−2)	C
Coefficient	−0.070468	−0.01272	−0.03861	0.018914	0.008292	−0.01549	0.006776
	0.08046	0.07889	0.04595	0.04583	0.00836	0.00836	0.00375
T-statistic	[−0.87583]	[−0.16124]	[−0.84036]	[0.41265]	[0.99159]	[−1.85214]	[1.80610]