PRICE DYNAMICS OF GOLD AND SILVER IN THE PERIOD 2015-2023

Result code in IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F75081431%3A_____%2F23%3A00002655" target="_blank" >RIV/75081431:_____/23:00002655 - isvavai.cz</a>

Result on the web

<a href="https://www.magnanimitas.cz/ADALTA/1302/papers/A_kovacikova.pdf" target="_blank" >https://www.magnanimitas.cz/ADALTA/1302/papers/A_kovacikova.pdf</a>

DOI - Digital Object Identifier

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Result language

angličtina

Original language name

PRICE DYNAMICS OF GOLD AND SILVER IN THE PERIOD 2015-2023

Original language description

The aim of this paper was to map the price development of selected metal commodities -gold and silver from 1 January 2015 to 1 January 2023, to determine whether the COVID-19 pandemic had an impact on their price development and whether there is a linear relationship between the prices of these commodities. The validity of the correlation between the prices of gold and silver was examined using correlation analysis. Granger causality confirmed a statistically significant relationship between past gold and silver prices, indicating their mutual predictive value for future prices. The price data was obtained by content analysis and evaluated by graphical analysis. During the period under review, the price of both commodities increased, and the curves of both commodities followed a similar pattern. The gold price evolved from the original value of CZK 877.19/g to the price quoted on 1 January 2023, which was CZK 1,327/g. The price of silver also saw a price development, from CZK 11.64/g to CZK 17.43/g. From an investment point of view, the COVID-19 pandemic had a positive effect on both commodities, as prices increased significantly, especially for gold, which can serve as an investment metal in times of economic crises. The biggest limitation of the work were events such as the COVID-19 and the war in Ukraine, which influenced the price development of both commodities and thus could have affected the results of the research.

Czech name

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Czech description

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Type

J_imp - Article in a specialist periodical, which is included in the Web of Science database

CEP classification

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OECD FORD branch

50200 - Economics and Business

Project

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Continuities

V - Vyzkumna aktivita podporovana z jinych verejnych zdroju

Publication year

2023

Confidentiality

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Name of the periodical

Ad Alta - Journal of Interdisciplinarity Research

ISSN

1804-7890

e-ISSN

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Volume of the periodical

13

Issue of the periodical within the volume

2

Country of publishing house

CZ - CZECH REPUBLIC

Number of pages

6

Pages from-to

155-160

UT code for WoS article

001143971400004

EID of the result in the Scopus database

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