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Mood and Precious Metal Pricing

Brian M. Lucey
Michael Dowling

IIIS Discussion Paper No. 377

We investigate whether proxies for mood play a role in the pricing of gold, silver, platinum and palladium. Using several mood proxies derived from weather and biorhythms factors, our tests suggest some individually significant relationships, but with very low overall explanatory power. WecConclude that, unlike in equity pricing, there does not appear to be, at this stage, a role for mood proxies in further developing our understanding of precious metal pricing.

Last updated 28 August 2014 by IIIS (Email).