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The Effect Of The S&P 500 On Gold Prices

Author

Listed:
  • PUCI, Jona

    (Canadian Institute of Technology, Tirana, Albania)

  • DEMI, Albana

    (University “Aleksander Moisiu”, Durres, Albania)

  • PJESHKA, Artemisa

    (Canadian Institute of Technology, Tirana, Albania)

Abstract

The purpose of this project is to provide a better understanding of how S&P affected Gold prices from 2009-2022 and to analyze and see the correlation between S&P 500 and Gold prices with each other. This study will use regression analysis in excel as the ultimate indicator to measure and interpret the correlation between the two variables. From the analysis, we conclude that there is a weak positive correlation between gold prices and S&P prices. Despite, during this timeline, it was shown that the variables moved also in opposite directions, the model presented in this study is relevant as the Significance P suggests that the model is significant.

Suggested Citation

  • PUCI, Jona & DEMI, Albana & PJESHKA, Artemisa, 2022. "The Effect Of The S&P 500 On Gold Prices," Journal of Financial and Monetary Economics, Centre of Financial and Monetary Research "Victor Slavescu", vol. 10(1), pages 308-313, October.
    • Handle: RePEc:vls:rojfme:v:10:y:2022:i:1:p:308-313
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    More about this item

    Keywords

    Gold prices; S&P 500; correlation; and regression;
    All these keywords.

    JEL classification:

    • C5 - Mathematical and Quantitative Methods - - Econometric Modeling
    • G1 - Financial Economics - - General Financial Markets
    • G2 - Financial Economics - - Financial Institutions and Services

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