{"product_id":"gold-market-and-investment-banks-von-francesco-trevisan","title":"Gold Market and Investment Banks","description":"\u003cp\u003eBottom line of this work is the awareness that gold  investment demand is on the rise due to several  features making this metal a profitable investment  during negative economic periods. Therefore comes  the need to forecast its futures price movements in  a more accurate way, considering actors (and  factors) whose importance has recently grown. In particular, purpose of the research was to throw  light on the role Investment Banks cover in gold  derivatives'' market as major actors in developing  and issuing this form of investment as well as  direct speculators, understanding whether and in  which manner their action can explain gold long-run  price fluctuations. The empirical analysis was carried out building a  Multiple Linear Regression (MLR) model relating gold  price (GP) to several independent variables. The  final model obtained adds Gold Lease Rate (GLR) and  Volume of speculative investments from Banks(COTcom) to the traditional variables used to explain gold  price, demonstrating, with the 87,13% of variance  explained, that the influence of Investment Banks in  gold''s price is a real phenomenon both from the  supply and demand side of the market.\u003c\/p\u003e\u003cdiv class=\"aw-variant-hidden-subtitle-div\" id=\"aw-variant-subtitle-9783844326000\"\u003e\u003ch3\u003eAn empirical study on long-run gold market equilibrium\u003c\/h3\u003e\u003c\/div\u003e","brand":"Autorenwelt Shop","offers":[{"title":"Softcover - 9783844326000","offer_id":39495925530717,"sku":"9783844326000","price":49.0,"currency_code":"EUR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0940\/0622\/files\/38357752-a7df-45c9-ab72-2e07908bff6b.jpg?v=1757911547","url":"https:\/\/shop.autorenwelt.de\/products\/gold-market-and-investment-banks-von-francesco-trevisan","provider":"Autorenwelt Shop","version":"1.0","type":"link"}