An econometrics method for estimating gold coin futures prices

In this paper, we present two regression functions to estimate gold coin futures price based on gold coin price, foreign exchange rate, price of gold traded globally and trend of time. The proposed model of this paper is used for price estimation of gold coin futures in Iran mercantile exchange (IME). The proposed model of this paper is applied for historical data of future gold prices and the results are discussed. The preliminary results indicate that an increase on gold coin price could increase gold coin futures price. An increase on foreign exchange price has negative impact on gold coin futures and time horizon has positive impact on gold coin futures on IME.