| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 958212 | Journal of Economics and Business | 2010 | 13 Pages |
Abstract
How do changes in expected inflation affect gold prices? Using unexpected changes in the Consumer Price Index (CPI) this paper shows that surprises in the CPI do not affect gold spot prices. The results indicate that investors anticipating changes in inflation expectations should design speculation strategies in the bond markets rather than the gold markets. Additionally, investors cannot determine market inflation expectations by examining the price of gold.
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Authors
Laurence E. Blose,