Arayssi, Mahmoud (2013): Price Drivers and Investment Strategies of Gold. Published in: The Business Review Cambridge , Vol. 22, No. 1 (May 2014): pp. 87-92.
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Abstract
The price determinants of gold are explained in this paper. Benefits from holding gold as an investment class asset in several forms, including ETFs are explored. Disadvantages of holding various gold investments are described, particularly in Contango markets. The gold prices are examined in the past two decades, focusing on the relationship with the S&P 500 and Dow index and various currencies, producer and consumer indices. We conclude with advice to potential individual investors in gold and an overview of some variables that affect the future trend of gold.
Item Type: | MPRA Paper |
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Original Title: | Price Drivers and Investment Strategies of Gold |
English Title: | Price Drivers and Investment Strategies of Gold |
Language: | English |
Keywords: | gold price, investment strategy |
Subjects: | G - Financial Economics > G1 - General Financial Markets > G13 - Contingent Pricing ; Futures Pricing G - Financial Economics > G1 - General Financial Markets > G17 - Financial Forecasting and Simulation |
Item ID: | 56115 |
Depositing User: | Prof. Mahmoud Arayssi |
Date Deposited: | 22 May 2014 13:40 |
Last Modified: | 27 Sep 2019 00:08 |
References: | Arayssi, M., ‘Investing in Gold: What to Expect?’ Available at SSRN: http://ssrn.com/abstract=2122399 (August 2, 2012). Cai, Jun, Yan-Leung Cheung, Michael C. S. Wong, 2001, “What moves the gold market?” Journal of Futures Markets, Volume 21 Issue 3, 257-278. Folger, J., ‘How contango can affect commodity ETFs’, Futures, 42.2, March 2013, 18-21. Frankel, Jeffrey A., 2008, “The Effect of Monetary Policy on Real Commodity Prices,” in Asset Prices and Monetary Policy, John Campbell, ed., U. of Chicago Press, 291-327. Roache, S. and Rossi, M., The Effects of Economic News on Commodity Prices: Is Gold Just Another Commodity?, IMF Working Paper series WP09/140, 2009. Payne, R., 2003, “Informed trade in Spot Foreign Exchange Markets: An Empirical Investigation,” Journal of International Economics, 61, 307-328. |
URI: | https://mpra.ub.uni-muenchen.de/id/eprint/56115 |