Does the Factors Affecting Gold Price Changed During Covid-19 Period in Malaysia?

Damien Iung Yau, Lee and Pei Ching, Chiam and Josephine Tan Hwang, Yau and Kit Yeng, Sin and Joanne Shaza, Janang (2021) Does the Factors Affecting Gold Price Changed During Covid-19 Period in Malaysia? International Journal of Academic Research in Business and Social Sciences, 11 (9). 259 -269. ISSN 2222-6990

[img] PDF
gold1.pdf

Download (349kB)
Official URL: http://dx.doi.org/10.6007/IJARBSS/v11-i9/10761

Abstract

This paper examines whether Covid-19 pandemic has changed the main economy factors affecting gold prices, and the relationship between KLCI and gold price in Malaysia. Gold plays an important role in an economy during normal and uncertain market situations. This research involved 62 monthly data covering the period of January 2016 to February 2021. Unit root and diagnostic tests are conducted on the data to ensure the results are valid. There are six macroeconomic variables involved, five of them are the independent variables and the remaining one is dependent variable. Multiple regression time series analysis is use to analyse the data in the perspectives of full sample, pre- Covid-19 period and during Covid-19 period. The results of this study found that few main economy factors ceased to be significant, and there is change relationship direction between exchange rate and gold price during Covid-19 period. We discovered KLCI has an inverse relationship with gold price. Future research can consider extending our analysis to neighbouring countries.

Item Type: Article
Additional Information: COVID-19
Uncontrolled Keywords: Gold Price, Crude Oil Price, Consumer Price Index, Interest Rate, KLCI, Exchange Rate, Covid-19, Malaysia, UNIMAS, University, Borneo, Malaysia, Sarawak, Kuching, Samarahan, IPTA, education, Universiti Malaysia Sarawak
Subjects: H Social Sciences > HG Finance
Divisions: Academic Faculties, Institutes and Centres > Faculty of Economics and Business
Depositing User: Lee Iung Yau
Date Deposited: 13 Sep 2021 08:05
Last Modified: 20 Apr 2022 01:08
URI: http://ir.unimas.my/id/eprint/36095

Actions (For repository members only: login required)

View Item View Item