Regression Results: Gold, Inflation, and Interest Rates ============================================================================================================= Dependent variable: ------------------------------------------------------------------------------------ Gold Log Return Inflation Rate of Change Gold_Log_Return (1) (2) (3) (4) ------------------------------------------------------------------------------------------------------------- Inflation Rate of Change 0.010 0.008 (0.012) (0.013) Interest Rate Change 0.003 0.040** 0.003 (0.003) (0.016) (0.003) Constant 0.005 0.001 0.099*** 0.0003 (0.004) (0.006) (0.036) (0.006) ------------------------------------------------------------------------------------------------------------- Observations 167 167 167 167 R2 0.004 0.009 0.039 0.011 Adjusted R2 -0.002 0.003 0.033 -0.001 Residual Std. Error 0.051 (df = 165) 0.051 (df = 165) 0.314 (df = 165) 0.051 (df = 164) F Statistic 0.681 (df = 1; 165) 1.521 (df = 1; 165) 6.660** (df = 1; 165) 0.935 (df = 2; 164) ============================================================================================================= Note: *p<0.1; **p<0.05; ***p<0.01