THE INFLUENCE OF UNITED STATES’ INFLATION RATE, INTEREST RATE AND BITCOIN TOWARDS GOLD PRICE
The purpose of this paper is to investigate the influence of inflation rate and interest rate of The United States towards the gold’s price. Besides that, the movement of Bitcoin and gold has also been examined in this paper. The past 30 years of historical data of the inflation rate, interest ra...
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| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
UNIMAS Publisher
2024
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| Subjects: | |
| Online Access: | http://ir.unimas.my/id/eprint/47105/1/THE%20INFLUENCE%20OF%20UNITED%20STATES%E2%80%99%20INFLATION%20RATE%2C%20INTEREST%20RATE%20AND%20BITCOIN%20TOWARDS%20GOLD%20PRICE-1.pdf http://ir.unimas.my/id/eprint/47105/ https://publisher.unimas.my/ojs/index.php/URAF/article/view/8617 https://doi.org/10.33736/uraf.8617.2024 |
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| Summary: | The purpose of this paper is to investigate the influence of inflation rate and interest rate of The
United States towards the gold’s price. Besides that, the movement of Bitcoin and gold has also
been examined in this paper. The past 30 years of historical data of the inflation rate, interest
rate and the gold’s price has been applied in this study to examine the effect of inflation and
interest rate towards the gold price. Other than that, the past 30 months of the Bitcoin’s price
has also been applied in the research. Through the research, it has found that the inflation rate
and the interest rate have a negative relationship with the gold’s price. In addition, this paper
has also shown that the movement of Bitcoin’s price and gold’s price is in a same direction. In
other words, the movement of these assets is positively correlated in which when the Bitcoin
price’s increase, the price of gold is also increase. |
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