Mood and Precious Metal Prices

11 Pages Posted: 8 Sep 2011 Last revised: 9 Sep 2011

See all articles by Brian M. Lucey

Brian M. Lucey

Trinity Business School, Trinity College Dublin; Jiangxi University of Finance and Economics; Abu Dhabi University - College of Business Administration; Ho Chi Minh City University of Economics and Finance

Michael M. Dowling

Dublin City University Business School; ESC Rennes School of Business

Date Written: September 7, 2011

Abstract

We investigate whether proxies for mood play a role in the pricing of gold, silver, platinum and palladium. Using several mood proxies derived from weather and biorhythms factors, our tests suggest some individually significant relationships, but with very low overall explanatory power. We conclude that, unlike in equity pricing, there does not appear to be, at this stage, a role for mood proxies in further developing our understanding of precious metal pricing.

Keywords: gold, mood, risk as feelings

JEL Classification: G12

Suggested Citation

Lucey, Brian M. and Dowling, Michael M., Mood and Precious Metal Prices (September 7, 2011). Available at SSRN: https://ssrn.com/abstract=1923788 or http://dx.doi.org/10.2139/ssrn.1923788

Brian M. Lucey (Contact Author)

Trinity Business School, Trinity College Dublin ( email )

The Sutherland Centre, Level 6, Arts Building
Dublin 2
Ireland
+353 1 608 1552 (Phone)
+353 1 679 9503 (Fax)

Jiangxi University of Finance and Economics ( email )

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Nanchang, Jiangxi 330013
China

Abu Dhabi University - College of Business Administration ( email )

PO Box 59911
Abu Dhabi, Abu Dhabi 59911
United Arab Emirates

Ho Chi Minh City University of Economics and Finance ( email )

59C Nguyen Dình Chieu
6th Ward, District 3
Ho Chi Minh City, Ho Chi Minh 70000
Vietnam

Michael M. Dowling

Dublin City University Business School ( email )

Dublin 9
Ireland

ESC Rennes School of Business ( email )

Rue Robert d'arbrissel, 2
Rennes, 35000
France

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