We investigate whether long-term co-movements among the prices of precious metals commodity futures contracts can be observed. The past literature on agricultural commodity futures prices obtains the mixed results. We find that there is no long-term interdependence among the prices of the four non-agricultural commodity products traded at the Tokyo Commodity Exchange. The finding provides new evidence against interdependence of commodity futures prices.
|Number of pages||5|
|Publication status||Published - 2010 Sep 9|
ASJC Scopus subject areas
- Economics, Econometrics and Finance(all)