Abstract:
The paper studies impact of inflation, crude oil prices and exchange rate on gold prices fluctuations in India, China and USA. Applying co-integration and vector error correction models (VECM), Vector Auto Regression (VAR) and Granger Causality to data for 1996–2015 and found that Crude Oil Prices have the short term relationship with gold prices in India, China and USA and there is a bidirectional causality in India and USA.
