Gold Price, Inflation, and Dollar Exchange Rate: The Case of Gold Investment in Indonesia
| Main Authors: | Ilyas Chaidir Rahmansyah; Faculty of Economics and Business, Universitas Airlangga., Lina Nugraha Rani; Faculty of Economics and Business, Universitas Airlangga. |
|---|---|
| Format: | application/pdf eJournal |
| Bahasa: | eng |
| Terbitan: |
Management Research Center, Department of Management, Faculty of Economics and Business, U
, 2021
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| Subjects: | |
| Online Access: |
http://journal.ui.ac.id/index.php/icmr/article/view/13238 |
Daftar Isi:
- This paper aims to investigate the relationship between gold price, inflation and the dollar exchange rate on gold stock price of PT Aneka Tambang Indonesia. The ARDL time series model is used in the study involving PT Aneka Tambang Indonesia from December 2016 to November 2019. The findings show the price of gold doesn’t have a significant effect on the gold stock price while dollar exchange rate and inflation have a negative effect on the short and long term of the gold stock price of PT Aneka Tambang Indonesia.