The factors that affecting the price of gold / Nurulfazura Aisyah Ahmad Arsani
According to Theloosen (n.d.), even though the gold has attracts the interest of the investor, the factors that drives the price of gold is still not completely known. There is still no valid factors that gives explanation and details on how these economic variables affect the gold price. For this r...
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| Format: | Thesis |
| Language: | English |
| Published: |
2017
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| Subjects: | |
| Online Access: | https://ir.uitm.edu.my/id/eprint/94465/1/94465.pdf https://ir.uitm.edu.my/id/eprint/94465/ |
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| Summary: | According to Theloosen (n.d.), even though the gold has attracts the interest of the investor, the factors that drives the price of gold is still not completely known. There is still no valid factors that gives explanation and details on how these economic variables affect the gold price. For this reason, the research is done to identify how inflation rate, interest rate, gross domestic product and crude oil price affect the price of gold. This research use secondary data provide from Index Mundi and World Data. It provides the data from all over the world since the research involves eight countries which is Australia, Russia, Unites States, Canada, Mexico, Brazil, Indonesia and Chile. The data is using 80 observations annually from year 2006 to 2015 which is 10 years. The variables use in this research is dependent and independent variables. Price of gold is a base or dependent variable and inflation rate, interest rate, gross domestic product and crude oil price are independent variables. The data has been analysed by using Eviews 8.0 to do descriptive, unit root test, multiple regression, correlation analysis and test on assumption. |
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