Abstract

This study identifies the complex interrelationships of gold prices with the UAE when assessed against large world economies like United States of America, India, China, and different European countries. Given gold’s critical role in the global economy, the study seeks to analyze the determinants of gold prices, including macroeconomic factors, geopolitical concerns, and market sentiment. The research uses comparative analysis to reveal the interaction of regional and global economic trends and how they influence gold prices. The methodology covers the detail analysis of historical gold price data in addition to other relevant economic indicators like crude oil prices, stock market trends, and currency valuations. Advanced statistical tools used include time series analysis and predictive modeling in R Studio to detect indicators and predict future price movements. The study admits the constraints of data availability and the nature of the economic forecasting realities. The research is aimed at providing useful implications for investors, policy makers, and researchers, thereby adding to the knowledge about economic importance and behavior of gold in the global and regional economic scenarios

Library of Congress Subject Headings

Gold--Purchasing--United Arab Emirates; Macroeconomics; Time series analysis

Publication Date

5-2024

Document Type

Thesis

Student Type

Graduate

Degree Name

Professional Studies (MS)

Department, Program, or Center

Graduate Programs & Research

Advisor

Sanjay Modak

Advisor/Committee Member

Ehsan Warriach

Campus

RIT Dubai

Plan Codes

PROFST-MS

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