Recently, the Shanghai Futures Exchange (SHFE) introduced gold futures trading in China. This paper is the first to … study the SHFE gold futures, and to evaluate the futures hedging effectiveness since the introduction. The results show that … hedging with gold futures reduces the variance of a hedged gold spot position by about 88% in its first two years of existence …

Accusations of price manipulation in the silver and gold markets have emerged in recent years. In an effort to increase … volatilities and prices within the silver and gold markets which could be an indicator of manipulation prior to the change. …