| Summary: | 碩士 === 國立成功大學 === 企業管理學系碩博士班 === 98 === Abstract
Since 2007 American real estate bubble, the Sumbprime mortgages in U.S.A. lead to the global financial crisis in 2009, which cause a series of financial crises. These events have caused great shock to the economic system of the whole world constantly. The function of the gold has been different from other noble metals, goods all the time. The more important thing is the gold has played the monetary role. According to Bretton Woods protocol in 1944, the gold becomes one kind of convertible foreign exchange, people begin to pay more attention to its value.
This research mainly probes into the impact of international events on the price of gold. The sample is during 2000 to 2010, by setting up pluralism, to probe into when the international major events happen. To sum up the variable factor which influences the price of gold by referencing the related literature, for instance, Crude oil price, price of silver, and interest rate, etc. Whether there is consistency influence in the factor effects the price of gold, and influence of the dominance. To test more directly whether the price of gold has positive impact. And the result is as follows:
Result 1: In 2000-2010, the gold price and international silver price are positive related, and the international events do not influence each other's relation.
Result 2: In 2000-2010, the gold price and international crude oil price are positive related, and in 2006 the international events will influence each other's relation.
Result 3: In 2000-2010, the gold price and exchange rate have significant influence, and influence each other's relation in 2006 China have the most foreign exchange.
Result 4: In 2000-2010, the gold price and interest rate are significant positive impact and the international events do not influence each other's relation.
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