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The Impact Of Macroeconomic Factors On The Price Of Gold, Yunhao Sun
The Impact Of Macroeconomic Factors On The Price Of Gold, Yunhao Sun
Applied Economics Theses
My thesis is that macro factors have been important to the change of the gold price, but have had a differential impact in three factors: Gross Global Product (GGP), real interest rate, and U.S. dollar index (USDI). I estimated the 1st difference of the gold model to determine the impact of macro factors on the price of gold per quarter. The model was estimated using the OLS approach the sample size was 148. I make use of data from Federal Reserve Bank of St. Louis economic data. The result was that 1st difference model had statistically insignificant coefficients. …