Factors Determining Gold Prices in Malaysia-Reference-Cited by-同舟云学术

Factors Determining Gold Prices in Malaysia

Published:2019-04-30 Issue:2 Volume:1 Page:75-82
ISSN:2637-1138
Container-title:Universiti Malaysia Terengganu Journal of Undergraduate Research
language:
Short-container-title:UMT JUR

Author:

Anis Mat Dalam ,Noorhaslinda Kulub Abd Rashid ,Jaharudin Padli

Abstract

Gold is a valuable asset to a country because of its liquidity. Gold reserve can stabilize the currency in a country. The objective of this paper is to identify the factors contributing to the volatility of gold prices, such as Real Malaysia GDP, inflation rates, crude oil prices and exchange rates. The data was analysed using Autoregressive Distributed Lag (ARDL) approach with time series data, with 30-year coverage from 1987 to 2016. Findings showed that only Real Malaysia GDP and crude oil prices were significantly related to gold prices. As a conclusion, this study can be used as reference by other investors. The author suggests to other researchers to further improve upon this study by adding more variables or diversifying the variables that relate to volatility of gold prices.

Publisher

Penerbit UMT, Universiti Malaysia Terengganu

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