Shykin A. Factors of World Gold Market Conjuncture Formation

The dissertation includes the core characteristics of gold as a commodity; its role in international economic relations is considered. The conditions of forming and the mechanism of the world gold market functioning are studied and the definition of world gold market is specified. The global influences as perspectives of the world gold market development are summarized. On the basis of the analysis, the author has determined methodological principles of the world gold market research and the system of forming factors has been generalized. The supply and demand conditions at the modern gold market have been analyzed; their peculiarities have been defined as well as the forecast models have been built. The economic factors of forming the modern market conditions of the world gold market have been studied and evaluated. The author has considered cyclical characteristics of the market conditions of the modern gold market. The gold price forecasting model has been built and a complex approach to gold market conditions forecasting in the period of financial globalization has been demonstrated.