Causal relationship of gold futures price among selected markets: An investigation
Meenakshi A Singh
The present paper intends to unfold causal relationship among selected countries gold futures in India, Japan and USA. The data spans from April 2020 to March 2024.For time series diagnostics, ADF test has been used. Further, to explore the causal relationship, Granger causality test has been applied. The results assert that there exists uni-directional causal relationship between US and India gold futures. There is no causality between the gold futures pertaining to India & Japan and Japan & USA. The results are sensitive to traders in gold in selected countries under analysis.
Meenakshi A Singh. Causal relationship of gold futures price among selected markets: An investigation. Int J Foreign Trade Int Bus 2024;6(2):239-242. DOI: 10.33545/26633140.2024.v6.i2c.185