London or New York: where and when does the gold price originate?

O'Connor, Fergal A. orcid iconORCID: 0000-0002-2877-8098, Lucey, Brian M. and Larkin, Charles (2013) London or New York: where and when does the gold price originate? Applied Economics Letters, 20 (8). pp. 813-817. ISSN 1350-4851

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Official URL: http://dx.doi.org/10.1080/13504851.2012.748175

Abstract

We investigate the Information Shares (ISs) of the two main centres of gold trading, over a 25-year period, using nonoverlapping 4-month windows. We find that neither London nor New York is dominant in terms of price IS, that the dominant market switches from time to time and that these switches do not appear to be very clearly linkable to macroeconomic or political events.


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