Gold Prices, Exchange Rates, Gold Stocks and the Gold Premium
نویسندگان
چکیده
منابع مشابه
Gold Prices , Exchange Rates , Gold Stocks and the Gold Premium
This paper studies the exposure of the stock prices of Australian gold-mining firms to changes in gold prices and the valuation effects of gold price exposure. Goldmining firms have significant gold price exposure; the price of the average goldmining stock moves 0.76% for each 1.00% change in Australian-dollar-denominated gold prices. Evidence from the behaviour of stock price sensitivities sug...
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ژورنال
عنوان ژورنال: Australian Journal of Management
سال: 2002
ISSN: 0312-8962,1327-2020
DOI: 10.1177/031289620202700202