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Growing Science » Journal of Future Sustainability » Investigating the effect of US dollar, gold and oil prices on the stock market

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Journal of Future Sustainability

ISSN 2816-8151 (Online) - ISSN 2816-8143 (Print)
Quarterly Publication
Volume 2 Issue 3 pp. 97-104 , 2022

Investigating the effect of US dollar, gold and oil prices on the stock market Pages 97-104 Right click to download the paper Download PDF

Authors: Hossein Ghanbari, Amir Mohammad Larni Fooeik, Amirhossein Eskorouchi, Emran Mohammadi

DOI: 10.5267/j.jfs.2022.9.009

Keywords: US dollar, Gold price, Oil price, Tehran Price Index (TEPIX), Tehran Stock Exchange (TSE)

Abstract: The capital market, as one of the main components of the financial markets, plays an important role in the economic development of countries. As financial markets become more globalized through the free flow of capital and international trade, price fluctuations in financial assets also affect other assets and markets. Due to the high impact of foreign exchange, gold, and oil markets on other financial markets, this study examined the impact of these markets on the Tehran Stock Exchange market from April 2015 to March 2021. In this regard, US dollar, ounces of gold, and crude oil are used as independent variables, and Tehran Price Index (TEPIX) is considered as a dependent variable. The results of the final model indicate that the prices of dollars, gold, and oil had significant effects on the total price index of the Tehran Stock Exchange.

How to cite this paper
Ghanbari, H., Fooeik, A., Eskorouchi, A & Mohammadi, E. (2022). Investigating the effect of US dollar, gold and oil prices on the stock market.Journal of Future Sustainability, 2(3), 97-104.

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Journal: Journal of Future Sustainability | Year: 2022 | Volume: 2 | Issue: 3 | Views: 1953 | Reviews: 0

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