Monetary policy for investment portfolio
Date Issued |
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2020 |
The scientific theme aims to predict the choice of gold investment strategies, taking into account money laundering issues. Scientific literature proposes many different presumptions concerning the most influential gold price determinants at national, regional and international levels, but the results of different studies are rather contradictory. This article is aimed at identification of which determinants have the greatest impact on the price of gold in the global context. The empirical research is based on the multiple regression model, where the presumable determinants of the price of gold include silver price, platinum price, palladium price, federal funds rate, euro area inflation rate, money supply (M3), interest rate (AAR) and euro rate (EUR).