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Abstract The main purpose of this study is to investigate the causal relationship between world oil prices and gold prices. For this purpose, the study is divided into two groups and evaluated as pre-pandemic and post-pandemic. The data set required for the study is evaluated on a daily basis and includes the period from January 2011 to June 2022. For the data of the examined variables, the stationary test was carried out by using the Extended DickeyFuller (ADF) unit root test. In the case of level, it is concluded that the related series are not stationary for these variables. According to the ADF and Johansen cointegration results obtained by applying the first-order difference operation, it was determined that the first-order differences of the variables of interest were stationary, that is, there was no unit root. The Engle-Granger test was used to determine whether there is a long-term relationship between the two variables. The direction of the relationship was tried to be determined by using the Granger causality test. As a result of the study, it was concluded that there is a one-way causality relationship from gold prices to oil prices, before the pandemic. Downloads Download data is not yet available. Downloads FULL TEXT Published 2023-03-24 How to Cite Huseynli, N. (2023). Analyzing the Relationship between Oil Prices and Gold Prices before and after COVID-19. International Journal of Energy Economics and Policy, 13(2), 373–378. https://doi.org/10.32479/ijeep.13820 More Citation Formats ACM ACS APA ABNT Chicago Harvard IEEE MLA Turabian Vancouver Download Citation Endnote/Zotero/Mendeley (RIS) BibTeX Issue Vol. 13 No. 2 (2023) Section Articles License Submission of an article implies that the work described has not been published previously , that it is not under consideration for publication elsewhere, that its publication is approved by all authors and tacitly or explicitly by the responsible authorities where the work was carried out, and that, if accepted, will not be published elsewhere in the same form, without the written consent of the Publisher. The Editors reserve the right to edit or otherwise alter all contributions, but authors will receive proofs for approval before publication. Most read articles by the same author(s) Teymur Sarkhanov, Nigar Huseynli, Econometric Analysis of Renewable Energy Consumption and Economic Growth: The Case of Kazakhstan and Kyrgyzstan , International Journal of Energy Economics and Policy: Vol. 12 No. 6 (2022) Nigar Huseynli, Impact of Revenues from Oil and Non-Oil Sectors on the Economic Growth of Azerbaijan , International Journal of Energy Economics and Policy: Vol. 12 No. 5 (2022) Nigar Huseynli, Effect of Renewable Energy and Traditional Energy Production on Economic Growth: The Case of Turkey and Azerbaijan , International Journal of Energy Economics and Policy: Vol. 12 No. 3 (2022) Nigar Huseynli, Econometric Analysis of the Relationships Between Growth, Exports and Energy Exports in Azerbaijan , International Journal of Energy Economics and Policy: Vol. 12 No. 2 (2022) Bahman Huseynli, Nigar Huseynli, Econometric Analysis of the Relationship between Renewable Energy Production, Traditional Energy Production and Unemployment: The Case of Azerbaijan , International Journal of Energy Economics and Policy: Vol. 12 No. 4 (2022) Nigar Huseynli, Bahman Huseynli, The Relationship between the Stock Price and the Energy Index: A Research on the Energy Company with the Highest Brand Value in Turkey , International Journal of Energy Economics and Policy: Vol. 12 No. 6 (2022) Nigar Huseynli, Causality between Selected Energy Companies’ Price Indexes and Barel Oil Prices , International Journal of Energy Economics and Policy: Vol. 13 No. 1 (2023) Nigar Huseynli, BIST Tourism and BIST Electricity Index Relationship , International Journal of Energy Economics and Policy: Vol. 13 No. 3 (2023) Similar Articles Tarek Bouazizi, Mongi Lassoued, Zouhaier Hadhek, Oil Price Volatility Models during Coronavirus Crisis: Testing with Appropriate Models Using Further Univariate GARCH and Monte Carlo Simulation Models , International Journal of Energy Economics and Policy: Vol. 11 No. 1 (2021) Aqila Rafiuddin, Jennifer Daffodils, Jesus Cuauhtemoc Tellez Gaytan, Gyanendra Singh Sisodia, Trend of Oil Prices, Gold, GCC Stocks Market during Covid-19 Pandemic: A Wavelet Approach , International Journal of Energy Economics and Policy: Vol. 11 No. 4 (2021)

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