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Determining Factors of Gold Price Votality in Malaysia
Anis bin Mat Dalam
Supervisor: Dr. Noorhaslinda binti Kulub Abd Rashid
Bachelor of Economics (Natural Resources)
School of Social and Economic Development
Gold is a good potential economic since the liquidity itself and the tendency to be a
valuable asset a country. The aim of this paper is to identify the factors contributed
to the volatility of gold price, such as Malaysian GDP, inflation rates, crude oil price
and exchange rates. The data was analysed using ARDL approach, ECM and Granger
Casuality with time series data, coverage from 1987 to 2016 (with 30 years’ time of
period). Findings showed that only inflation rates is significant in short run and all
variables are significant in long run. As a conclusion, this study could be as references
for the society in order to forecast the volatility of gold price in Malaysia. Therefore, a
good information regarding gold price can be a good measurement to the economic
as well as other investors.
Keywords: gold price, Malaysian GDP, inflation rates, crude oil price, exchange rates,
ARDL
1432 | UMT UNDERGRADUATE RESEARCH DAY 2018