Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
986949 | Review of Financial Economics | 2007 | 14 Pages |
Abstract
This paper examines for the first time the existence of psychological barriers in a variety of daily and intra-day gold price series. This paper uses a number of statistical procedures and presents evidence of psychological barriers in gold prices. We document that prices in round numbers act as barriers with important effects on the conditional mean and variance of the gold price series around psychological barriers.
Keywords
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Raj Aggarwal, Brian M. Lucey,