Wee Chuan, Haw and Mohamad, Jais and Norlina, Kadri (2024) THE INFLUENCE OF UNITED STATES’ INFLATION RATE, INTEREST RATE AND BITCOIN TOWARDS GOLD PRICE. UNIMAS REVIEW OF ACCOUNTING AND FINANCE, 8 (1). pp. 136-146. ISSN 2590-3543
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Abstract
The purpose of this paper is to investigate the influence of inflation rate and interest rate of The United States towards the gold’s price. Besides that, the movement of Bitcoin and gold has also been examined in this paper. The past 30 years of historical data of the inflation rate, interest rate and the gold’s price has been applied in this study to examine the effect of inflation and interest rate towards the gold price. Other than that, the past 30 months of the Bitcoin’s price has also been applied in the research. Through the research, it has found that the inflation rate and the interest rate have a negative relationship with the gold’s price. In addition, this paper has also shown that the movement of Bitcoin’s price and gold’s price is in a same direction. In other words, the movement of these assets is positively correlated in which when the Bitcoin price’s increase, the price of gold is also increase.
| Item Type: | Article |
|---|---|
| Uncontrolled Keywords: | Gold Price, Inflation Rate, Interest Rate |
| Subjects: | H Social Sciences > HB Economic Theory H Social Sciences > HG Finance H Social Sciences > HJ Public Finance |
| Divisions: | Academic Faculties, Institutes and Centres > Faculty of Economics and Business Faculties, Institutes, Centres > Faculty of Economics and Business |
| Depositing User: | Sanawi |
| Date Deposited: | 30 Dec 2024 01:01 |
| Last Modified: | 30 Dec 2024 01:19 |
| URI: | http://ir.unimas.my/id/eprint/47105 |
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