THE INFLUENCE OF UNITED STATES’ INFLATION RATE,
\nINTEREST RATE AND BITCOIN TOWARDS GOLD PRICE

The purpose of this paper is to investigate the influence of inflation rate and interest rate of The
\nUnited States towards the gold’s price. Besides that, the movement of Bitcoin and gold has also
\nbeen examined in this paper. The past 30 years of historical data of the inflation rate, interest
\nrate and the gold’s price has been applied in this study to examine the effect of inflation and
\ninterest rate towards the gold price. Other than that, the past 30 months of the Bitcoin’s price
\nhas also been applied in the research. Through the research, it has found that the inflation rate
\nand the interest rate have a negative relationship with the gold’s price. In addition, this paper
\nhas also shown that the movement of Bitcoin’s price and gold’s price is in a same direction. In
\nother words, the movement of these assets is positively correlated in which when the Bitcoin
\nprice’s increase, the price of gold is also increase.