Gold Market and Investment Banks - Trevisan, Francesco
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Bottom line of this work is the awareness that gold investment demand is on the rise due to several features making this metal a profitable investment during negative economic periods. Therefore comes the need to forecast its futures price movements in a more accurate way, considering actors (and factors) whose importance has recently grown. In particular, purpose of the research was to throw light on the role Investment Banks cover in gold derivatives' market as major actors in developing and issuing this form of investment as well as direct speculators, understanding whether and in which…mehr

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Produktbeschreibung
Bottom line of this work is the awareness that gold investment demand is on the rise due to several features making this metal a profitable investment during negative economic periods. Therefore comes the need to forecast its futures price movements in a more accurate way, considering actors (and factors) whose importance has recently grown. In particular, purpose of the research was to throw light on the role Investment Banks cover in gold derivatives' market as major actors in developing and issuing this form of investment as well as direct speculators, understanding whether and in which manner their action can explain gold long-run price fluctuations. The empirical analysis was carried out building a Multiple Linear Regression (MLR) model relating gold price (GP) to several independent variables. The final model obtained adds Gold Lease Rate (GLR) and Volume of speculative investments from Banks(COTcom) to the traditional variables used to explain gold price, demonstrating, with the 87,13% of variance explained, that the influence of Investment Banks in gold's price is a real phenomenon both from the supply and demand side of the market.
Autorenporträt
was born in 1986 in a city close to the Venecian Lagoon, in the north-east of Italy. He studied at Bocconi University where graduated with a full-mark MBA degree in 2010. He developed his interest in gold market during an internship in China. Currently he is employed as analyst in the Global Transaction Services, Trade unit of Citibank Milan.