Muhammad Shujaat Nawaz, Muhammad Azam, Muhammad Aslam
{"title":"Probable daily return on investments in gold","authors":"Muhammad Shujaat Nawaz, Muhammad Azam, Muhammad Aslam","doi":"10.1007/s13404-020-00273-2","DOIUrl":null,"url":null,"abstract":"<p>Gold, used for jewelry and ornaments at times, is now considered a safe metal for investment. In addition to buying and selling gold physically, some markets offer electronic trade in gold. Trade volume is on surge in these bullion markets with each passing day. Daily opening and closing gold prices are used for analysis for 7740?days. Data series of daily return on investment in gold is split into two data series; first when the price goes up and second when the price goes down, at the day’s end. Statistical properties of three data series are analyzed and probabilities to earn profits are calculated during any day regardless of what types of decisions are going to be made that day. Probabilities of daily return, for both long and short positions, are presented in the form of tables. The expected daily profit of a trader with associated probability is explained in an illustrative example.</p>","PeriodicalId":581,"journal":{"name":"Gold Bulletin","volume":"53 1","pages":"47 - 54"},"PeriodicalIF":2.1000,"publicationDate":"2020-03-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1007/s13404-020-00273-2","citationCount":"1","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Gold Bulletin","FirstCategoryId":"5","ListUrlMain":"https://link.springer.com/article/10.1007/s13404-020-00273-2","RegionNum":4,"RegionCategory":"工程技术","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q3","JCRName":"CHEMISTRY, INORGANIC & NUCLEAR","Score":null,"Total":0}
引用次数: 1
Abstract
Gold, used for jewelry and ornaments at times, is now considered a safe metal for investment. In addition to buying and selling gold physically, some markets offer electronic trade in gold. Trade volume is on surge in these bullion markets with each passing day. Daily opening and closing gold prices are used for analysis for 7740?days. Data series of daily return on investment in gold is split into two data series; first when the price goes up and second when the price goes down, at the day’s end. Statistical properties of three data series are analyzed and probabilities to earn profits are calculated during any day regardless of what types of decisions are going to be made that day. Probabilities of daily return, for both long and short positions, are presented in the form of tables. The expected daily profit of a trader with associated probability is explained in an illustrative example.
期刊介绍：
Gold Bulletin is the premier international peer reviewed journal on the latest science, technology and applications of gold. It includes papers on the latest research advances, state-of-the-art reviews, conference reports, book reviews and highlights of patents and scientific literature. Gold Bulletin does not publish manuscripts covering the snthesis of Gold nanoparticles in the presence of plant extracts or other nature-derived extracts. Gold Bulletin has been published over 40 years as a multidisciplinary journal read by chemists, physicists, engineers, metallurgists, materials scientists, biotechnologists, surface scientists, and nanotechnologists amongst others, both within industry and academia. Gold Bulletin is published in Association with the World Gold Council.
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