The Role of Inflation in Moderate Interaction of Gold Rolling Spots and Macroeconomic Variables on the ICDX Exchange
Journal Title: Journal of Economics, Finance and Management Studies - Year 2024, Vol 7, Issue 07
Abstract
Gold has played an essential role in building payment systems in the past and remains a popular investment product today. One such investment product is the Gold Rolling Spot, a variation of a futures contract derivative transaction traded on the Indonesian Commodity and Derivatives Exchange (ICDX). Nevertheless, no research has been done since this sort of investment is exclusive to ICDX. This study uses inflation as the moderation to analyze the effect of the Indonesia Composite Index (ICI) return, Interest Rate, and Exchange Rate (USD/IDR) return on the Gold Rolling Spot return. This study used monthly data for the period January 2020 until December 2023. The analysis technique used is Moderated Regression Analysis (MRA). The results concluded that ICI return has a significant positive effect on Gold Rolling Spot return, while interest rate, exchange rate (USD/IDR) return, and Inflation, have a significant negative impact on Gold Rolling Spot return. Inflation moderates the effect of interest rate and exchange rate (USD/IDR) return on Gold Rolling Spot return. However, Inflation does not moderate the impact of ICI return on Gold Rolling Spot return.
Authors and Affiliations
Dr. Ir. Andam Dewi Syarif, MM , Najim Nur Fauziah, SE, MSc. IBF,
Keywords
Related Articles
- EP ID EP740947
- DOI 10.47191/jefms/v7-i7-62
- Views 20
- Downloads 0
The Influence of Rice Productivity, Gross Regional Domestic Product of the Food Crop Subsector and Inflation on the Exchange Rates of Food Crop Farmers in Indonesia
The farmer exchange rate is a comparative value between the price index received by farmers and the index paid by farmers. In this context, it is necessary to develop indicators that can accurately measure the purchasing...
Determinants of the Level of Participation in Green Supply Chain Management: Case of Vietnamese Electronics Manufacturing Enterprises
The study explores the main drivers that affecting the level of participation in green supply chain management of Vietnamese electronics manufacturing enterprises. The research team divided into two groups of factors, wh...
M&A Advisors in Vietnam Emerging Market 2000 – 2022
M&A consulting is providing solutions, services, or applications to help the buyer and seller completing the M&A deal, thereby earning fees. The global M&A consulting market is extremely large with hundreds of years of e...
The Effect of Self-Efficacy, Organizational Culture and Work Discipline on the Performance of Nurses and Employees of Majenang Hospital
This purpose of this study is to describe the impact of self-efficacy, organizational culture, and work discipline on the performance of nurses and employees of Majenang Hospital. This study lasted 8 months. The study po...
Effects of the Financial Crisis of 2007/2008 on the Performance of the Cement Industry in Nigeria
The study examined the effects of the financial crises of 2007/2008 on the performance of the cement industry in Nigeria. The study's objectives were to examine the effects of the financial crises on the profitability of...