Determinants of Gold Price in Thailand
IUP Journal of Applied Finance
; 28(1):5-14, 2022.
Article
in English
| ProQuest Central | ID: covidwho-1766879
ABSTRACT
Though gold plays a significant role in the financial market, monetary policy, and jewelry, pharmaceutical and electronic industries, its price is often volatile. This study aims to examine the relationship between macroeconomic variables such as exchange rate, interest rate, consumer price index, and financial indicators like the stock exchange of Thailand (SET Index) and bond index with gold prices, and investigate the factors influencing the gold prices in Thailand. This study employs dataset from May 2006 to May 2021, including 1.5 years of the Covid-19 pandemic period. The findings reveal that there is a relationship between exchange rate, interest rate, consumer price index, SET Index, and bond index with gold prices in Thailand, and this holds good during the period of Covid pandemic also. Finally, all the participants in the gold market should consider these factors before entering the market, which would assist them in achieving their investment goals.
Business And Economics--Banking And Finance; Rupees; Monetary policy; Macroeconomics; Investments; Investment policy; Crude oil prices; Interest rates; Consumer Price Index; Influence; COVID-19; Stock exchanges; Hedging; American dollar; Hypotheses; Foreign exchange rates; Gold markets; Securities markets; Pandemics; Jewelry; Precious metals; Literature reviews; Coronaviruses; United States--US; Malaysia; Thailand; India
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Collection:
Databases of international organizations
Database:
ProQuest Central
Language:
English
Journal:
IUP Journal of Applied Finance
Year:
2022
Document Type:
Article
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