Article ID Journal Published Year Pages File Type
7387715 Resources Policy 2016 6 Pages PDF
Abstract
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 on search queries indicating a preference to mine (google) bad news rather than good news. The analysis of silver, palladium and platinum demonstrates that the findings for gold are unique.
Related Topics
Physical Sciences and Engineering Earth and Planetary Sciences Economic Geology
Authors
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