Mood and Precious Metal Prices

11 Pages Posted: 8 Sep 2011 Last revised: 9 Sep 2011

See all articles by Brian M. Lucey

Brian M. Lucey

Trinity Business School, Trinity College Dublin; University of Sydney Business School; University of Economics Ho Chi Minh City

Michael M. Dowling

ESC Rennes School of Business

Date Written: September 7, 2011

Abstract

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. We conclude 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.

Keywords: gold, mood, risk as feelings

JEL Classification: G12

Suggested Citation

Lucey, Brian M. and Dowling, Michael M., Mood and Precious Metal Prices (September 7, 2011). Available at SSRN: https://ssrn.com/abstract=1923788 or http://dx.doi.org/10.2139/ssrn.1923788

Brian M. Lucey (Contact Author)

Trinity Business School, Trinity College Dublin ( email )

The Sutherland Centre, Level 6, Arts Building
Dublin 2
Ireland
+353 1 608 1552 (Phone)
+353 1 679 9503 (Fax)

University of Sydney Business School ( email )

Cnr. of Codrington and Rose Streets
Sydney, NSW 2006
Australia

University of Economics Ho Chi Minh City ( email )

59C Nguyen D├Čnh Chieu
6th Ward, District 3
Ho Chi Minh City, Ho Chi Minh 70000
Vietnam

Michael M. Dowling

ESC Rennes School of Business ( email )

Rue Robert d'arbrissel, 2
Rennes, 35000
France

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