دانلود مقاله لاتین با عنوان آینده نگری بازارهای نفت و طلا: آیا بازارها دارای کارایی هستند؟

  a b s t r a c t In this paper we examine the long-run relationship between gold and oil spot and futures markets. We draw on the conceptual framework that when oil price rises, it creates inflationary pressures, which instigate investments in gold as a hedge against inflation. We test for the long-run relationship between gold and oil futures prices at different maturity and unravel evidence of cointegration. This implies that: (a) investors use the gold market as a hedge against inf ...