Author(s)

Fangjing Liu ¹

Affiliation(s)

¹ School of Economics, Shandong Women's University, Jinan, Shandong, 250300, China

Corresponding Author

Fangjing Liu

ABSTRACT

In order to study the influencing factors of gold price at the present stage, this paper selects the relevant data from 2001 to 2020 in the United States, and uses Excel, SPSS and Eviews to conduct an empirical analysis on the influencing factors of gold price. The study found that the gold price in this period at the 95% significance level was significantly affected by CPI and Dow Jones industrial average index, dollar index and the federal funds rate did not significantly affect the gold price. Finally, according to the results of empirical analysis, some policy suggestions are put forward.

KEYWORDS

Gold price, Eviews, CPI, Dow Jones Industrial Index

CITE THIS PAPER

Fangjing Liu. Explore the Influencing Factors of Gold Price-Empirical Analysis Based on Eviews. Financial Engineering and Risk Management (2021) 4: 1-5. DOI: http://dx.doi.org/10.23977/ferm.2021.040601.

REFERENCES

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[3] Marteau M, Marteau M. An empirical study on the influencing factors of international gold price based on VEC model [J]. Journal of ningxia normal university, 2020, 41(06): 106-112.
[4] Zhou Wuwu. Empirical Analysis on factors influencing gold price [J]. Productivity Research, 2013(05): 54-57+87.
[5]Eric J.Levin&Robert E.Wright. Short-run and Long-run Determinants of the Price of Gold.World Gold Council Research Study, 2006, (32)
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