What Effects Gold Prices?

Data Source

• Gold Prices are based off gold.org

• Inflation Rate, Unemployment, Federal Funds Rate, and GDP is from https://fred.stlouisfed.org/

Filters

• Data is from 1974 to 2017 and based off yearly change

Key Points

GDP over Gold Prices

• Their is significance in the data with a low P-value (0.0057) but it doesn't explain much in the variation as the R-value (0.1884).

• It looks like it explains some over years but not all the much, if more research was done maybe it would explain the variation better.

Inflation Rate over Gold Prices

• Their is significance in the data with a low P-value (0.0001) and it explain some or a pretty good amount of the variation as the R-value (0.5421).

• This explains the most out of all the other models, as this is what most people see what gold prices is matched too.

• I feel like a little more research you could even make the R-value better.

• This model explains a lot on Gold prices.

Federal Funds Rate over Gold Prices

• Their is significance in the data with a low P-value (0.0174) but it doesn't explain much in the variation as the R-value (0.2941).

• This also took a lot of changes to get a better P-Value as it is a Polynomial to the 5th degree to get the best Numbers.

• I feel like this is reliable on R value because over time but P-value the government makes to slow of changes or no changes all, so it lags behind.

Unemployment Rate over Gold Prices

• Their is not much significance in the data with a low P-value (0.1344) and it doesn't explain much in the variation as the R-value (0.0873)

• This model doesn't really explain much at all the numbers are all over the place.