Türkiye’de Yaşanan Covid-19 Salgınının Kıymetli Madenler ve Taşlar Piyasasına Etkisi: Borsa İstanbul’dan Kanıtlar.

The purpose of this study is to reveal the effect of the Covid-19 outbreak on the precious metals and diamonds market for the period 17.03.2020-05.02.2021. In this context, firstly in the study, it has been investigated that the existence of long-run relationship between Turkey’s daily deaths and Covid-19 daily cases caused by Covid-19 and daily gold, silver, platinum and palladium prices by Maki cointegration test, it has been determined that there is a long-term relationship between silver, platinum and palladium prices and the numbers of cases, and between silver and platinum prices and the numbers of deaths. However, it could not be determined that there are significant relationship between gold prices and the number of cases and deaths and between palladium prices and the number of deaths. Finally, in the study, the magnitude of the relationship between series which have been determined long term relationship has been investigated through the FMOLS estimator by taking into account structural breaks, it has been determined that there is a negative-way relationship between silver prices and the numbers of cases and deaths in the long run. Furthermore, it has been concluded that there are not statistically significant relationship between platinum prices and the numbers of cases and deaths and palladium prices and the numbers of cases and the effect of structural breaks on the prices of the relevant metals varies depending on time. [ABSTRACT FROM AUTHOR]