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This paper studies investor's attention to gold price movements by analyzing the relationship between gold price changes and internet search queries for gold. We find a positive relationship of gold price volatility and search queries and a strong asymmetric effect of negative gold price changes...
Persistent link: https://www.econbiz.de/10013001985
This paper studies the exposure of Australian gold mining firms to changes in the gold price. We use a theoretical framework to formulate testable hypotheses regarding the gold exposure of gold mining firms. The empirical analysis based on all gold mining firms in the S&P/ASX All Ordinaries...
Persistent link: https://www.econbiz.de/10013066557
The gold spot price is fixed by four banks every day at 10:30 am and 3 pm London time. This document describes a role-play simulation that replicates core features of the London gold fixing with the aim to better understand the incentives and the behaviour of the fixing participants. The game is...
Persistent link: https://www.econbiz.de/10013051423
We use high-frequency intra-day gold and S&P500 data covering the period from 2007 to 2018 to investigate when and how fast gold prices react to extreme negative shocks in the equity market. Our empirical analysis reveals three new features of gold: First, extreme negative 5-min S&P500 returns...
Persistent link: https://www.econbiz.de/10012898257
Bitcoin is often labelled digital gold and many studies compare bitcoin and gold prices, returns and volatility. This paper digs deeper and compares the characteristics of bitcoin mining with gold mining to assess claims that bitcoin is digital gold. We identify twenty differences between gold...
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Gold is a long-lasting, durable and thus sustainable metal and asset. However, mining for gold often adversely affects the environment. This study proposes an alternative to mitigate these negative externalities and costs of gold mining. Instead of digging out gold for investment purposes we...
Persistent link: https://www.econbiz.de/10012844973