Domestic macroeconomic determinants of precious metals prices in developed and emerging economies: An international analysis of the long and short run

Hafiz Muhammad Usman Rana and Fergal O'Connor ()

International Review of Financial Analysis, 2023, vol. 89, issue C

Abstract: This study examines the relationship between domestic macroeconomic factors and domestic precious metals prices across developed and emerging markets from 1979 to 2020. The statistical characteristics of the domestic variables are not found to be consistent across countries, so that these relationships cannot be modelled in one specific way. To model each metal domestically, we use various time series techniques as dictated by the combined characteristics of the domestic variables.

Keywords: Precious metals prices; Long-run equilibrium; Inflation; Unemployment; Emerging markets (search for similar items in EconPapers)
JEL-codes: G0 G1 Q3 (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:eee:finana:v:89:y:2023:i:c:s1057521923003290

DOI: 10.1016/j.irfa.2023.102813

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