A copy of this work was available on the public web and has been preserved in the Wayback Machine. The capture dates from 2020; you can also visit the original URL.
The file type is
Using the probability distribution approach, this study explores the weekday effects among Tokyo, London, and New York gold markets. Friday shows positive and significant higher returns, whereas Tuesday shows negative and significant lower returns than other weekdays. The weekend effects still exist, while Monday effects disappear. On average, London was found to have the highest returns, followed by New York and Tokyo. The peak and width estimations show that Tokyo has the highest volatility,doi:10.21511/bbs.11(2).2016.04 fatcat:bve4wahhdfectacdwjpaslamk4