Research on Price Volatility Characteristics of China Gold Market by Using R/S Analysis

摘要

Analysis of price volatility characteristics of gold market has an important sense in the gold investor's decision.The paper researches price volatility characteristics of China gold market by using R/s analysis method, and reaches the following conclusions:(1) There is a long-term dependence on gold price volatility. The historic information always affects the gold spot price.(2) The price volatility characteristics of China gold market have significant persistence, and the gold price presents successive rise or fail. (3) This long-term dependence will not exist after two months.