SSRN-Psychological Barriers in Gold Prices? by Raj Aggarwal, Brian Lucey

The momentum for behavioral finance continues with a look at the importance of barrier prices in the Gold Market.SSRN-Psychological Barriers in Gold Prices? by Raj Aggarwal, Brian LuceyAggarwal and Lucey "[present] evidence of psychological barriers in gold prices. [They] document that prices in round numbers act as barriers with important effects on the conditional mean and variance of the gold