Piti PasutasarayutPandej ChintrakarnMahidol University2018-06-112018-06-112012-04-01European Journal of Scientific Research. Vol.74, No.1 (2012), 90-951450202X1450216X2-s2.0-84860231348https://repository.li.mahidol.ac.th/handle/123456789/13467This paper aims to analyze the relationship between gold in Thai market and stock exchange of Thailand (SET). Specifically, we test the hypothesis that gold behaves as a hedge or a safe haven for SET. The econometric analysis for a sample spanning almost 11 year period from 2001 to 2011 reveals that Thai gold is not a hedge or a strong safe haven for SET. © EuroJournals Publishing, Inc. 2012.Mahidol UniversityAgricultural and Biological SciencesComputer ScienceEarth and Planetary SciencesEngineeringMaterials ScienceMathematicsArticleSCOPUS