Abstract
We investigate the Information Shares (ISs) of the two main centres of gold trading, over a 25-year period, using nonoverlapping 4-month windows.We find that neither London nor New York is dominant in terms of price IS, that the dominant market switches from time to time and that these switches do not appear to be very clearly linkable to macroeconomic or political events.
Original language | English |
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Pages (from-to) | 813-817 |
Number of pages | 5 |
Journal | Applied Economics Letters |
Volume | 20 |
Issue number | 8 |
Early online date | 10 Dec 2012 |
DOIs | |
Publication status | Published - 31 Dec 2013 |
Keywords
- COMEX
- Gold
- Information share
- LBMA
ASJC Scopus subject areas
- Economics and Econometrics