Robust Macroeconomic Determinants of Domestic Spot Gold Return in Türkiye

Home Page
About
Submit A Journal
Submit A Conference
Submit Paper/Book
- Submit a Preprint
- Submit a Book
Contact

Eskişehir Osmangazi Üniversitesi Sosyal Bilimler Dergisi
Cilt: 26 Sayı: 2
Robust Macroeconomic Determinants of Domestic Spot Gold Return in Türkiye

Robust Macroeconomic Determinants of Domestic Spot Gold Return in Türkiye

Authors : Mercan Hatipoğlu, Taner Sekmen

Pages : 575-591

Doi:10.17494/ogusbd.1682917

View : 135 | Download : 407

Publication Date : 2025-07-24

Article Type : Research Paper

Abstract :The aim of this study is to investigate the robust drivers of gold return in Türkiye by using the extreme bounds analysis (EBA). According to findings, economic policy uncertainty, exchange rate, money supply and inflation are found four variables that are highly robust based on both Leamer and Sala-i-Martin models. In addition, house price is robust determinants of gold price as reported by Sala-i-Martin approach. From these results, it emerges that factors mentioned above are robust determinants of gold prices in Türkiye. The results of the study are also clear that spot gold return is driven by local variable more than global factors. This local factors are mostly related to the stance of monetary policy and the outcomes of monetary policy.
Keywords : Altın Getirisi, Aşırı Sınırlar Analizi, Para Politikası Duruşu

ORIGINAL ARTICLE URL

* There may have been changes in the journal, article,conference, book, preprint etc. informations. Therefore, it would be appropriate to follow the information on the official page of the source. The information here is shared for informational purposes. IAD is not responsible for incorrect or missing information.