Proceedings of the International Workshop on Navigating the Digital Business Frontier for Sustainable Financial Innovation (ICDEBA 2024)

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The Impact of US Economic Indicators on the International Gold Market

Authors
Yue Wu1, *
1P School of Mathematics and Physics, Xi’an Jiaotong-Liverpool University, 215123, Suzhou, China
*Corresponding author. Email: yue.wu22@student.xjtlu.edu.cn
Corresponding Author
Yue Wu
Available Online 24 February 2025.
DOI
10.2991/978-94-6463-652-9_77How to use a DOI?
Keywords
Federal Reserve; Gold Market; U.S. Economic Indicators; Risk Management
Abstract

This study considers the relationship between the U.S. economic indicators and gold price. The four indicators investigated in this research are nonfarm payroll employment, unemployment, consumer price index (CPI) and personal consumption expenditures (PCE). This study helps to fill the gap that how the U.S. economic indicators impact gold market, which are figures investors care about the most. In this study, relevance coefficients are used to evaluate the relevance of U.S. economic indicators and gold price in both short and long term. Choosing the difference between real value and expected value as independent variables, and spot gold price change as dependent variables. After importing the collected data into curve fitter, it helps to calculate results. The results show that CPI is strongly related to gold volatility in short periods. Nonfarm payrolls and unemployment are in medium relevance of gold and PCE is weakly related. In the long term, neither of the indicators could impact gold market. This study provides an important reference for gold investors to make the right decisions.

Copyright
© 2025 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the International Workshop on Navigating the Digital Business Frontier for Sustainable Financial Innovation (ICDEBA 2024)
Series
Advances in Economics, Business and Management Research
Publication Date
24 February 2025
ISBN
978-94-6463-652-9
ISSN
2352-5428
DOI
10.2991/978-94-6463-652-9_77How to use a DOI?
Copyright
© 2025 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Yue Wu
PY  - 2025
DA  - 2025/02/24
TI  - The Impact of US Economic Indicators on the International Gold Market
BT  - Proceedings of the International Workshop on Navigating the Digital Business Frontier for Sustainable Financial Innovation (ICDEBA 2024)
PB  - Atlantis Press
SP  - 733
EP  - 740
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-652-9_77
DO  - 10.2991/978-94-6463-652-9_77
ID  - Wu2025
ER  -