Analisis Pengaruh Volume Perdagangan Dan Return Terhadap Harga Emas (XAU/USD)

This study examines the effect of trading volume and return on the daily gold price (XAU/USD) using multiple linear regression. Daily secondary data were obtained from Investing.com over an early-year observation period. The analysis applies classical assumption tests, including normality, multicollinearity, heteroskedasticity, and autocorrelation. The model is significant overall. Individually, both trading volume and return exhibit positive and statistically meaningful effects on gold prices. Diagnostic checks indicate no material issues with multicollinearity or heteroskedasticity, and initial autocorrelation in the residuals was addressed through appropriate adjustments. These findings underscore the role of market activity (volume) and prior price movements (return) in gold price formation. Practically, investors may use surges in trading volume as signals of strengthening prices, while short-horizon return dynamics can inform trade timing.