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Analysis of the Relation between Prices of Gold and Crude Oil

Abstract
The paper analyses the relation between the prices crude oil and gold prices. The purpose of the paper is to establish the determinants, co-movement, and the character existing between the two prices. The paper looks through the crude oil and gold prices traded in different regions for the past twenty years (1987 – 2017). The relation existing between the price levels of gold and oil is analyzed using the gold to oil ratio, which is calculated as part of the price of gold to the price level of crude oil about time. Further, a correlation analysis test is adopted which establishes the strength of the gold and crude price relationship.

Submitted by:
[WIRANYA SUTTHIKUN]
[EIU ID351023]
In Partial Fulfillment of the Requirements for the Degree of
Doctor of Business Administration in Management
Supervisor:
[Ky. Col. Prof. Dr. Edward Roy Krishnan]