黄金价格波动性及其演化:以上海和伦敦市场为例

以中国上海和英国伦敦黄金市场为例,应用R/S分析方法实证研究了国内外黄金价格波动性及其演化。研究表明:国内外黄金价格波动存在集聚性和持续性的特征,而且国外市场金价波动的上述特征强于国内市场;国内外黄金价格波动都是由最初的强持续性向弱持续性演化,而国际市场由强持续性向弱持续性演化的速度慢于国内市场。

Gold Price Fluctuation and Its Evolution: Taking Shanghai and London Markets as Examples

Taking Shanghai in China and London gold markets for cases,the paper studies gold price fluctuation and evolution at home and abroad by use of R / S analytical technique.Studies show that gold price fluctuation at home and abroad exists concentration and persistence characteristics,and the above-mentioned fluctuation characteristics in foreign markets are stronger than in domestic markets;domestic and international gold price fluctuations evolve from initial strong persistence to weak persistence,while the ...