Basic factors affecting Turkey gold market and analysis

In this study, the basic national factors effecting the gold market in Turkey were tested in terms of empiric. Weighted avarage gold prices were used as a dependent variable; whereas basket exchange rate, BİST 100 index, deposit interest rate anda inflation rate were used as an independent variable. The datas related to these variables were dealed on a monthly basis, between the years of January 1999- December 2014. Taking the advantage of the e-views package program, multiple regression model was performed in the analysis. In the final result of the analysis, the impacts of all independent variables but BİST 100 index values, on gold market prices were found to be significant.