An Examination of Factors Influencing Gold Price

• Main Authors: Yu Ping Shen, 沈于平
• Other Authors: Y. W. Shyu
• Format: Others
• Published: 2008
• Online Access: http://ndltd.ncl.edu.tw/handle/71362727478335203891

碩士 === 長庚大學 === 企業管理研究所 === 96 === Gold regarded as wealth all the time. The international situation has not relaxed in recent years and U.S. dollar is being weakly, cause the price of gold more and more expensive. The top three of the gold fabrication demand were India, U.S.A., China in the past few years, but the demand of China exceeded the demand of U.S.A. since 2007. China becomes the second largest in the demand of gold fabrication that is second only to India. So this research hopes to re-analyze that what is the influence degree of the gold price by U.S.A.'s economic data in recent years, and then join the economic data of China and Indian to analyze what the influence degree of the price of gold is. The result expects that can offer more information for the gold users and investors to judge the trend of the price of gold. This research is probing into the influence factor of the price of gold mainly. Describing the supply, demand, trade place and merchandize of the gold at first, and then observe the trend of the price of gold and its influence factors including the price of petroleum and economic data of U.S.A., China and India. The research methods are to utilize statistical analysis, ADF test, Pearson Correlation Coefficients test and multi-regression to analyze the relations of every parameter on the price of gold. This result finds that the key factors influencing the price of gold are the price of petroleum, Chinese industrial index and U.S. dollar value. The state of the inflation does not influence the price of gold like expectancy, and because of special situation of India may result in choosing data of the research unable to represent economic situation of this country.