The Effect of Gold Prices and Interest Rates on Stock Performance (Study of Manufacturing Companies in Indonesia during the Covid-19 Pandemic)

Authors

  • Hendro Widjanarko Universitas Pembangunan Nasional Veteran Yogyakarta
  • Suratna Suratna Universitas Pembangunan Nasional Veteran Yogyakarta
  • Humam Santosa Utomo Universitas Pembangunan Nasional Veteran Yogyakarta

DOI:

https://doi.org/10.31098/ebs.v1i1.55

Keywords:

gold price, interest rate, stock performance

Abstract

This study aims to examine the effect of gold prices and interest rates on stock performance. The research was conducted at manufacturing companies listed on the IDX (Indonesia Stock Exchange) in January 2020 - July 2020. The sample selection was carried out by purposive sampling, namely determining the sample based on certain criteria. The number of samples in this study was 35 manufacturing companies. The analysis tool used is Warp-PLS. The results showed that the gold price had a significant negative effect on stock performance and the interest rate also had a significant negative effect on stock performance. The results of this study are useful for investors in making investment decisions and are beneficial for the government in increasing investment interest in Indonesia.

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Published

2020-10-25

Issue

Vol. 1 No. 1 (1): October 2020

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Articles

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