INTERACTIONS BETWEEN GOLD AND STOCK MARKET RETURNS: EVIDENCE FROM AMMAN STOCK EXCHANGE

The interaction among financial and precious metals in various markets is a furthermost interesting matter for investors. fluctuation prices one market may influence the price index of other market. Gold have widespread economic effects on different activities. These are directly specious all decisions adopted by This study aims to check whether bank stock return (SRB) insurance (SRI) significant gold (GOP). We employ Autoregressive Distributed Lag co-integration test long–run association between SRB, SRI, GOP. reveals that SRB SRI no long-run effect price. Only unidirectional causal relationship exists returns sector prices; results designate percent increase banks would lead decrease 984%