RETRACTED: How macroeconomic indicators influence gold price management
Business Process Management Journal
ISSN: 1463-7154
Article publication date: 23 July 2021
Issue publication date: 22 October 2021
Retraction notice
The publishers of the Business Process Management Journal wish to retract the article A, L., Qin, Q., Kamran, H.W., Sawangchai, A., Wisetsri, W. and Raza, M. (2021), “How macroeconomic indicators influence gold price management”, Business Process Management Journal, Vol. 27 No. 7, pp. 2075-2087. https://doi.org/10.1108/BPMJ-12-2020-0579
An internal investigation into a series of submissions has uncovered evidence that the peer review process was compromised. As a result of these concerns, the findings of the article cannot be relied upon. This decision has been taken in accordance with Emerald’s publishing ethics and the COPE guidelines on retractions. The authors would like it to be noted that they are not in agreement with this retraction. The publishers of the journal sincerely apologize to the readers.
Abstract
Purpose
This study purposes to measure the influencing relations between macroeconomic indicators and the prices of gold. Further study measures several factors with the gold price in the context of the United States.
Design/methodology/approach
The secondary data are collected to measure relationship and fluctuation of gold prices the data collected from the website world development indicators (WDI) for the period of 31 years 1990–2019. This paper uses different econometric analysis such as analytical unit root test for stationary of data, descriptive statistical analysis for description of data, correlation coefficient test for measuring the inter correlation, and ordinary least square regression analysis for determine the impact of dependent and independents variables. In this research paper, gross domestic product (GDP), inflation rate (IR), unemployment rate (UR), real interest rate (RIR), gross national product (GNP), standard trade value (STV) are included in macroeconomic indicators and consider as independent. The gold prices are considered as dependent variable.
Findings
This study's overall results show an important and optimistic association between GDP, IR and STV with the gold price. Moreover, the RIR shows negative and does not show significant relation with the gold prices.
Originality/value
Since several economic crises were included during the data selection studied in this research paper, data error may be present, resulting in the instability of the overall data. However, the study still hopes to find the guiding role of these macro gold price factors in the price of gold from the limited data set. The basic scope of research is that research is limited in the United States.
Keywords
Citation
A, L., Qin, Q., Kamran, H.W., Sawangchai, A., Wisetsri, W. and Raza, M. (2021), "RETRACTED: How macroeconomic indicators influence gold price management", Business Process Management Journal, Vol. 27 No. 7, pp. 2075-2087. https://doi.org/10.1108/BPMJ-12-2020-0579
Publisher
:Emerald Publishing Limited
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