Impact of FED Rate, America Inflation Rate, and NYSE Composite Index toward return of Gold Price in Period of 2008 - 2018

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Syah, Bahar Dyan (2019) Impact of FED Rate, America Inflation Rate, and NYSE Composite Index toward return of Gold Price in Period of 2008 - 2018. Undergraduate thesis, Sekolah Tinggi Manajemen IPMI.

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Abstract

Gold has evolved from time to time in both its benefits and shape. In the world of the economy, gold had gained a vital role as a tool for transactions from coins to banknotes but as time went on it began to diminish its role in the economy since the end of the BrettonWood Agreement. The price was initially stable, and then started to move up and down. The volatility caused many economists to begin to find out what factors are causing the movement of gold prices. Many factors such as stock market, inflation, currency and even random walks have been tested to find factors that affect the gold price movement. In this study shows that previous return of gold price has significant effect, NYSE has marginally significant effect and two last variable, FED Fund rate and America inflation has no significant effect toward gold price.The purpose of this study to see how big the effect of variables from America such as America inflation, fed fund rate, NYSE composite index and the previous return of gold price on gold prices.This research used descriptive analysis, goodness of fit tests and multiple regression models. The data used are monthly data from January 2008 to December 2018. Test results show only random walk that has an effect on the price of gold. These results are similar to that of Shankari & Manimaran, (2015). Keywords: Gold, America, Fed Fund Rate, Inflation, composite index

Item Type:	Thesis (Undergraduate)
Subjects:	H Social Sciences > HC Economic History and Conditions H Social Sciences > HG Finance
Divisions:	Thesis > Bachelor of Business Administration
Depositing User:	Putri Dwi Novia
Date Deposited:	16 Jan 2020 09:37
Last Modified:	22 Nov 2021 07:08
URI:	http://repository.ipmi.ac.id/id/eprint/277

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