Analyzing the influential factors of the International
price of gold
ABSTRACT
As a special kind of precious metals, gold has the two sides on the nature of currencies and commodities. In recent years, domestic and foreign gold investment upsurge, which lead to gold price fluctuated sharply. The scarcity of gold makes its value and function reflected again. So in current gold market, the further study about gold investment as well as factors of influencing gold price to change appears very important, also has realistic significance. This thesis will describe gold investment situation in order to introduce the analysis for the parts, what have impacts on the gold price. And then by making a detailed analysis on the oil prices, the dow Jones index, the dollar index,U.S CPI ect, besides, by the econometrical method and using empirical analysis of EViews5.0 software, the paper will have terrific proof for the change of gold price and gold investment. Then provides some strategies of gold investment referring to gold investment advantages which make the investors more sensitive to the practical investment in actual gold market by using the current economic investment policy and financial market situation pinpoint and then buy point and sell point to avoid the risk and obtain the interest income.
Key words: Gold investment Gold price Empirical analysis Effect factor
