five top selected commodities namely Gold, Copper, Petroleum Crude, Soya Oil and Chana (Chickpea) is examined. …The relationship between trading activity, volatility and transaction cost using a three-equation structural model for …

gold in the monetary system. In particular, there has been a proposal to employ gold as a nominal anchor or asset for the … exchange rates between the most important and tradable currencies in the world. This suggestion, along with alternatives is … analyzed in the article. The author describes different historical systems of money, the gold standard and, using concrete …

This paper develops a model of the impact of monetary policy on the price level under a gold standard. The model is … particular, it will be demonstrated that under a gold standard, monetary policy can have a permanent effect on the price level …

heteroskedasticity to investigate asymmetric cointegration and causal relationships between West Texas Intermediate Crude Oil and gold … an asymmetric long-run adjustment exists between gold and oil. Furthermore, the causality relationship shows that West … institutions who can use the findings here to gold prices based on oil prices. …

prices: crude oil and gold. For the empirical analysis we use daily data from the period January 2, 1998 to June 30, 2014. To … stock market indexes. Third, only the price of gold depends on past values of stock market indexes for almost all sub-periods. …

in the gold futures market. In particular, answers are sought to two key questions: firstly, how is the volatility of … returns in the gold futures market influenced by the sentiment of non-scheduled news events? Secondly, is this news–volatility … volatility than does positive news. There is evidence to suggest that participants in the gold futures market initially over …

We evaluate the role of gold and other precious metals relative to volatility (Volatility Index (VIX)) as a hedge … and a strong safe haven during our sample period. We also find that in periods of extremely low or high volatility, gold … from the US stock market. Using daily data from November 1995 to November 2010, we find that gold, unlike other precious …

We investigate the volatility structure of gold, trading as a futures contract on the Chicago Board of Trade (CBOT … properties we also utilize a rarely used measure of volatility–the Garman Klass estimator – to provide new insights in intraday … and interday volatility. This nonparametric measure incorporates the open, close, high and low price within a particular …