Linkages Among Precious Metals Commodity Futures Prices: Evidence from Tokyo
Tokyo University of Science; State University of New York at Buffalo
Economics Bulletin, Vol. 30, No. 3, pp. 1772-1777, 2010
We investigate whether long-term co-movements among the prices of precious metals commodity futures contracts can be observed. The past literature on agricultural commodity futures prices obtains the mixed results. We find that there is no long-term interdependence among the prices of the four non-agricultural commodity products traded at the Tokyo Commodity Exchange. The finding provides new evidence against interdependence of commodity futures prices.
Number of Pages in PDF File: 6
Keywords: Commodity Futures, Futures Pricing, Futures Market, Natural Resources
JEL Classification: G1, O1Accepted Paper Series
Date posted: August 2, 2010
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