Open AccessANALYSIS ON FACTORS INFLUENCE THE PRICE OF GOLD IN MALAYSIA
Author(s) -
Sahaida Laily Md Hashim
Publication year - 2022
Publication title -
advanced international journal of business, entrepreneurship and smes
Language(s) - English
Resource type - Journals
ISSN - 2682-8545
DOI - 10.35631/aijbes.411002
Subject(s) - inflation (cosmology) , exchange rate , economics , econometrics , interest rate , inflation rate , monetary economics , gold as an investment , gold standard (test) , macroeconomics , statistics , mathematics , physics , theoretical physics
Gold, a valuable and precious metal has been served as property and financial assets despite their uprising in prices. The price of gold keeps increasing in the long-run, however quite fluctuate and volatile in short-run. This paper inspired to identify the factors which influences the gold price in Malaysia with selected macroeconomics determinants such as inflation rate, interest rate and exchange rate in yearly period from 1980 until 2020. In achieving the objectives of this study, some diagnostic tests along with regression analysis were run and data analysed using STATA software. The findings reveal that inflation and exchange rate were significantly influenced the price of gold, while interest rate is statistically insignificant.