Edwin, Timothy (2019) Analysis of factors that affecting gold prices in Indonesia. Bachelor thesis, Universtitas Pelita Harapan.
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Abstract
Investment is a crucial point to reduce the probability for the economic
growth to drop or increase the economic growth of Indonesia. The role of
investment is a crucial point to be able to prevent a lower decline or even increase
economic growth. Gold as the most popular from among the precious metal and
commodities that used as an investment is also one of the most common
investment tool that used by the Indonesia population that have an investment or
create their portfolio policy statement
Gold Investment is one of right choice which can avoid risk caused of low
economic development and inflation that cause decreasing of Rupiah. In making
decision to invest gold, we need to give attention for gold price fluctuation so that
gold price can be predicted. Then, we need to give attention for factors that
influence gold price. Some gold investment observers declared that gold
investment is influenced by interest rate, inflation, oil price, dollar exchange rate,
and IHSG. The destination of this research is analyzing influence of gold price
determinant factors toward gold price with using secondary data using monthly
period during January 2008 until December 2018. This secondary data is in the
form of documentary data in the form of journals, program report forms, and
research result obtained from Bank Indonesia (dollar to rupiah exchange rate and
BI interest rate data), World Gold Council (gold price data), Investing.com (oil
price data and IHSG) and Central Statistic Agency (inflation data).
This research is using multiple linear regressions to analyze the data. The
result from analysis confirms that BI Interest rate and dollar to Rupiah exchange
rate has significance to Gold price, where BI interest rate has a positive
relationship and dollar to rupiah exchange rate has a negative relationship. Oil
price and IHSG has no significance to change of gold price based on the data
analysis, where Inflation rate has significance to gold price at probability of 0.1
with a negative relationship to gold price based on the research
Item Type: | Thesis (Bachelor) |
---|---|
Creators: | Creators NIM Email ORCID Edwin, Timothy NIM01320150002 UNSPECIFIED UNSPECIFIED |
Contributors: | Contribution Contributors NIDN/NIDK Email Thesis advisor Dananjaya, Yanuar UNSPECIFIED UNSPECIFIED Thesis advisor Santoso, William UNSPECIFIED UNSPECIFIED |
Uncontrolled Keywords: | dollar to rupiah exchange rate; gold price; inflation; oil price; IHSG; BI interest rate |
Subjects: | H Social Sciences > HD Industries. Land use. Labor > HD28 Management. Industrial Management |
Divisions: | University Subject > Current > Faculty/School - UPH Surabaya > Business School > Management Current > Faculty/School - UPH Surabaya > Business School > Management |
Depositing User: | Rafael Rudy |
Date Deposited: | 04 Nov 2022 08:06 |
Last Modified: | 04 Nov 2022 08:06 |
URI: | http://repository.uph.edu/id/eprint/50985 |