INVESTIGATION OF SPECULATIVE PRICE MOVEMENTS IN PRECIOUS METALS

Home Page
About
Submit A Journal
Submit A Conference
Submit Paper/Book
- Submit a Preprint
- Submit a Book
Contact

Journal of Research in Business
Cilt: 10 Sayı: 2
INVESTIGATION OF SPECULATIVE PRICE MOVEMENTS IN PRECIOUS METALS

INVESTIGATION OF SPECULATIVE PRICE MOVEMENTS IN PRECIOUS METALS

Pages : 404-425

View : 196 | Download : 611

Publication Date : 2025-12-12

Article Type : Research Paper

Abstract :Price movements in financial markets are shaped not only by fundamental economic indicators but also by investor behavior, risk perception, and global developments. Accordingly, the aim of this study is to empirically examine speculative price movements in precious metals during the post-COVID-19 period. Based on the results obtained from the application of RTADF, SADF, and GSADF tests, no statistically significant bubble formation was detected in gold, silver, platinum, or palladium over the period 05.05.2023–15.04.2025. Although no statistically significant evidence of bubbles was found, graphical trends suggest that gold may be more sensitive to behavioral reactions of investors, while silver appears to exhibit a more stable pattern. Overall, the findings indicate that speculative bubbles were absent in precious metals during the analyzed period; however, given the inherent volatility of these markets, the potential for future speculative fluctuations cannot be ruled out. Therefore, incorporating both behavioral factors and macroeconomic indicators into investment decisions is of critical importance for investors.
Keywords : Değerli metaller, Spekülatif balon, GSAFD testi

ORIGINAL ARTICLE URL

* There may have been changes in the journal, article,conference, book, preprint etc. informations. Therefore, it would be appropriate to follow the information on the official page of the source. The information here is shared for informational purposes. IAD is not responsible for incorrect or missing information.