Brian M. Lucey

Tag: London

  • From where does the gold price originate?

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    brianmlucey
    in

    Here is some evidence… We investigate which of the two main centers of gold trading – the London spot market and the New York futures market – plays a more important role in setting the price of gold. Using intraday data during a 17-year period we find that although both markets contribute to price discovery,…

  • Is there a fix in the gold fix? We simply don’t know…

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    by

    brianmlucey
    in

    There has been a lot of media chatter over the last week regarding the possibility of the London gold price having been rigged, with Bloomberg leading the pack and with a lawsuit now having been filed. Shades of Auric Goldfinger haunt the trading desks. The way that this has been presented is that a set…

  • Which matters and when for gold – London or New York?

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    by

    brianmlucey
    in

    Short answer : both, but at different times. This research applies a timevarying information shares analysis to 25 years of COMEX gold futures and LBMA AM gold fixes, and for the first time demonstrates when london and when new york contribute most to the determination of the world gold price A paper on this is…