East Asian Journal of Multidisciplinary Research (EAJMR)
Vol. 3 No. 12 (2024): December 2024

The Effect of World Gold Price on the Indonesia Composite Index (ICI) with Crude Oil as a Mediation Variable (2019-2023 Period)

Ardian, Bahtiar Agung (Unknown)
Putra, I Nyoman Nugraha Ardana (Unknown)

Article Info

Publish Date
26 Dec 2024

Abstract

This study examines the influence of world gold prices and crude oil on the Indonesia composite index. The population used in this study is all monthly data on the closing price of world gold prices, world oil prices, and the Indonesia Composite Index for the 2019-2023 Period, which is as much as 60 data taken based on monthly data. This data was analyzed using regression analysis methods and the Sobel test. Empirical results show that world gold and crude oil prices positively influence the Indonesia Composite Index. Meanwhile, the world gold price does not affect the price of crude oil, and the price of crude oil does not mediate the influence of the world gold price on the Composite Stock Price Index.

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Journal Info
East Asian Journal of Multidisciplinary Research (EAJMR)
Website

Abbrev

eajmr

Publisher

PT FORMOSA CENDEKIA GLOBAL

Subject

Computer Science & IT Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Education Industrial & Manufacturing Engineering

Description

East Asian Journal of Multidisciplinary Research (EAJMR) is a scientific multidisciplinary research journal published by Yayasan Pendidikan Penelitian Pengabdian Algero. The aim of this journal publication is to disseminate the research results, conceptual thoughts, improved research methodologies ...