Gold Prices Found to Significantly Impact Indonesia Stock Market Performance.
The study looked at how inflation, interest rates, gold prices, and world oil prices affect the Composite Stock Price Index in Indonesia. They used data from 2012 to 2019 and analyzed it using a multiple linear regression model. The results showed that inflation and interest rates do not influence the stock index, but gold prices do have an impact on it. World oil prices also affect the Composite Stock Price Index.