Analisis Hubungan Kurs Dolar Amerika Serikat (Usd) Terhadap Harga Emas: Tinjauan Ekonomi Makro Dan Implikasinya Bagi Keputusan Investasi

Authors

  • Sulyadi Perdana Putra Supomo Guntur Universitas Muslim Indonesia
  • Baharuddin Semmaila Universitas Muslim Indonesia
  • Baso Amang Universitas Muslim Indonesia
  • Aryati Arfah Universitas Muslim Indonesia
  • Muh Arif Universitas Muslim Indonesia

DOI:

https://doi.org/10.31004/jh.v6i5.3081

Abstract

ABSTRACT

The US Dollar (USD) exchange rate and gold prices are two important indicators in the global economy that share a close relationship. Fluctuations in the dollar's exchange rate often influence the movement of gold prices as an investment instrument and a safe-haven asset. This study aims to analyze the relationship between the dollar exchange rate and gold prices, as well as the factors affecting changes in both variables. The research method employed is library research with a descriptive qualitative approach through the analysis of various scientific journals, financial institution reports, and economic literature. The findings show that the relationship between the dollar exchange rate and gold prices tends to be negative (an inverse relationship), where a strengthening US dollar is typically followed by a decline in global gold prices, while a weakening dollar drives gold prices upward. This relationship is also influenced by inflation, interest rates, the Federal Reserve's monetary policy, geopolitical conditions, as well as global gold demand and supply. The findings imply that investors need to pay close attention to dollar exchange rate developments as a primary indicator when determining gold investment strategies.

Keywords: Dollar exchange rate, gold price, investment, macroeconomics, safe haven

Downloads

Published

2026-10-18

How to Cite

Guntur, S. P. P. S. ., Semmaila, B. ., Amang, B., Arfah, A., & Arif, M. (2026). Analisis Hubungan Kurs Dolar Amerika Serikat (Usd) Terhadap Harga Emas: Tinjauan Ekonomi Makro Dan Implikasinya Bagi Keputusan Investasi. Journal Of Human And Education (JAHE), 6(5), 1476–1487. https://doi.org/10.31004/jh.v6i5.3081

Issue

Vol. 6 No. 5 (2026): Journal of Human And Education (JAHE)

Section

Articles

License

Copyright (c) 2026 Sulyadi Perdana Putra Supomo Guntur, Baharuddin Semmaila, Baso Amang, Aryati Arfah, Muh Arif

Creative Commons License

This work is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License.

Authors retain copyright and grant the journal right of first publication with the work simultaneously licensed under a Creative Commons Attribution-ShareAlike 4.0 International License that allows others to share the work with an acknowledgement of the works authorship and initial publication in this journal.
Authors are able to enter into separate, additional contractual arrangements for the non-exclusive distribution of the journals published version of the work (e.g., post it to an institutional repository or publish it in a book), with an acknowledgement of its initial publication in this journal.
Authors are permitted and encouraged to post their work online (e.g., in institutional repositories or on their website) prior to and during the submission process, as it can lead to productive exchanges, as well as earlier and greater citation of published work (See The Effect of Open Access).