<p><br/></p><p></p><p>文章介绍如下：</p><p>1.The price of gold and the exchange rate This paper examines the theoretical relationship between the major<br/>exchange rates and the prices of internationally-traded commodities. Inthe empirical section, the case of gold is analyzed using forecast error data. Among other things, it is found that, since the dissolution of the<br/>Bretton Woods International monetary system, floating exchange rates among the major currencies have been a major source of price instability in the world gold market and, as the world gold market is dominated by<br/>the European currency bloc, appreciations or depreciations of European currencies have strong effects on the price of gold in other currencies. (JEL D40, F33). Copyright &copy; 1996 Elsevier Science Ltd</p><p>2.Statistical analysis of daily gold price data This paper investigates the statistical behaviour of daily gold price data from 1971 to 2002. We .nd that the observations are characterised by short run persistence and scaling with a<br/>break point of 15 days, i.e., three working weeks. Daily returns are highly leptokurtic, withmulti-period returns only recovering Gaussianity after 235 days (approximately eleven working months). Volatility also scales, with long-run correlations being particularly important. 2004 Elsevier B.V. All rights reserved.</p><p>3.Futures and realized cash or settle prices for gold, silver, and copper</p><p>………………</p><p>希望对大家有帮助啊</p>

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