hedging the risks associated with gold price changes. But there is a common question whether that gold option contracts are … (ADF) and Simple linear regressions (OLS model). The result of this paper shows the attractiveness of the gold derivative …The main purpose of introducing gold option futures is because option futures on gold will be fundamentally used for …

efficient and there is no risk premium. In order to test separately unbiasedness and market efficiency, cointegration techniques … using cointegration techniques in a variety of forecast horizon. To accomplish this goal, were generated samples from 1 to 6 … months forecast horizons and the series were tested for the order of integration, difference stationarity, cointegration and …