Skip to main content

Main menu

  • Home
  • Current Issue
  • Past Issues
  • Videos
  • Submit an article
  • More
    • About JBIS
    • Editorial Board
    • Published Ahead of Print (PAP)
  • IPR Logo
  • About Us
  • Journals
  • Publish
  • Advertise
  • Videos
  • Webinars
  • More
    • Awards
    • Article Licensing
    • Academic Use
  • Follow IIJ on LinkedIn
  • Follow IIJ on Twitter

User menu

  • Sample our Content
  • Request a Demo
  • Log in

Search

  • ADVANCED SEARCH: Discover more content by journal, author or time frame
The Journal of Index Investing
  • IPR Logo
  • About Us
  • Journals
  • Publish
  • Advertise
  • Videos
  • Webinars
  • More
    • Awards
    • Article Licensing
    • Academic Use
  • Sample our Content
  • Request a Demo
  • Log in
The Journal of Index Investing

The Journal of Index Investing

ADVANCED SEARCH: Discover more content by journal, author or time frame

  • Home
  • Current Issue
  • Past Issues
  • Videos
  • Submit an article
  • More
    • About JBIS
    • Editorial Board
    • Published Ahead of Print (PAP)
  • Follow IIJ on LinkedIn
  • Follow IIJ on Twitter

Gold Price and GDP Analysis of the World’s Top Economies

Manu Sharma and Rajnish Aggarwal
The Journal of Beta Investment Strategies Summer 2012, 3 (1) 83-87; DOI: https://doi.org/10.3905/jii.2012.3.1.083
Manu Sharma
is on the faculty at the University Institute of Applied Management Science at Panjab University in Chandigarh, India.
  • Find this author on Google Scholar
  • Find this author on PubMed
  • Search for this author on this site
  • For correspondence: manumba2000@yahoo.com
Rajnish Aggarwal
is a post-graduate student at the University Institute of Applied Management Science at Panjab University in Chandigarh, India.
  • Find this author on Google Scholar
  • Find this author on PubMed
  • Search for this author on this site
  • For correspondence: aggarwalrajnish@gmail.com
  • Article
  • Info & Metrics
  • PDF (Subscribers Only)
Loading

Click to login and read the full article.

Don’t have access? Click here to request a demo 
Alternatively, Call a member of the team to discuss membership options
US and Overseas: +1 646-931-9045
UK: 0207 139 1600

Abstract

The study examines the relationship between gold prices and real GDPs of the world’s largest gold-holding economies, which include the United States, the United Kingdom, France, Germany, Italy, Brazil, Japan, Europe, and Canada, for the 16-year period from December 1995 to June 2011. The authors calculate the multiple correlation coefficient and coefficient of determination to study this relationship. The multiple correlation coefficient measures the relationship between the gold price and GDP based on the regression equation, while the coefficient of determination indicates the percentage of the variation in gold prices that can be explained and accounted for by the GDPs of the world’s largest gold-holding economies in the regression equation. The authors perform multiple regression analyses to study the effect of nine GDPs on the movement of gold price. Results imply that the GDPs of seven out of nine economies when used together best predict the movements in the gold price. They also find that when individual GDPs are regressed with gold prices, the gold price is least correlated with Italy’s GDP but highly correlated with Brazil’s GDP. The gold price is only moderately correlated with the U.S. GDP even though the United States has the world’s highest gold holdings.

TOPICS: Global, commodities, portfolio construction

  • © 2012 Pageant Media Ltd
View Full Text

Don’t have access? Click here to request a demo

Alternatively, Call a member of the team to discuss membership options

US and Overseas: +1 646-931-9045

UK: 0207 139 1600

Log in using your username and password

Forgot your user name or password?
PreviousNext
Back to top

Explore our content to discover more relevant research

  • By topic
  • Across journals
  • From the experts
  • Monthly highlights
  • Special collections

In this issue

The Journal of Index Investing: 3 (1)
The Journal of Beta Investment Strategies
Vol. 3, Issue 1
Summer 2012
  • Table of Contents
  • Index by author
Print
Download PDF
Article Alerts
Sign In to Email Alerts with your Email Address
Email Article

Thank you for your interest in spreading the word on The Journal of Index Investing.

NOTE: We only request your email address so that the person you are recommending the page to knows that you wanted them to see it, and that it is not junk mail. We do not capture any email address.

Enter multiple addresses on separate lines or separate them with commas.
Gold Price and GDP Analysis of the World’s Top Economies
(Your Name) has sent you a message from The Journal of Index Investing
(Your Name) thought you would like to see the The Journal of Index Investing web site.
CAPTCHA
This question is for testing whether or not you are a human visitor and to prevent automated spam submissions.
Citation Tools
Gold Price and GDP Analysis of the World’s Top Economies
Manu Sharma, Rajnish Aggarwal
The Journal of Beta Investment Strategies May 2012, 3 (1) 83-87; DOI: 10.3905/jii.2012.3.1.083

Citation Manager Formats

  • BibTeX
  • Bookends
  • EasyBib
  • EndNote (tagged)
  • EndNote 8 (xml)
  • Medlars
  • Mendeley
  • Papers
  • RefWorks Tagged
  • Ref Manager
  • RIS
  • Zotero
Save To My Folders
Share
Gold Price and GDP Analysis of the World’s Top Economies
Manu Sharma, Rajnish Aggarwal
The Journal of Beta Investment Strategies May 2012, 3 (1) 83-87; DOI: 10.3905/jii.2012.3.1.083
del.icio.us logo Digg logo Reddit logo Twitter logo Facebook logo Google logo LinkedIn logo Mendeley logo
Tweet Widget Facebook Like LinkedIn logo

Jump to section

  • Article
    • Abstract
    • METHODOLOGY
    • ANALYSIS
    • CONCLUSION
  • Info & Metrics
  • PDF (Subscribers Only)
  • PDF (Subscribers Only)

Similar Articles

Cited By...

  • No citing articles found.
  • Google Scholar
LONDON
One London Wall, London, EC2Y 5EA
United Kingdom
+44 207 139 1600
 
NEW YORK
41 Madison Avenue, New York, NY 10010
USA
+1 646 931 9045
pm-research@pageantmedia.com
 

Stay Connected

  • Follow IIJ on LinkedIn
  • Follow IIJ on Twitter

MORE FROM PMR

  • Home
  • Awards
  • Investment Guides
  • Videos
  • About PMR

INFORMATION FOR

  • Academics
  • Agents
  • Authors
  • Content Usage Terms

GET INVOLVED

  • Advertise
  • Publish
  • Article Licensing
  • Contact Us
  • Subscribe Now
  • Sign In
  • Update your profile
  • Give us your feedback

© 2022 Pageant Media Ltd | All Rights Reserved | ISSN: 2154-7238 | E-ISSN: 2374-135X

  • Site Map
  • Terms & Conditions
  • Privacy Policy
  • Cookies