An empirical study of COVID-19, cryptocurrencies, gold, oil and stock market / Raja Mohd Redzuan Raja Badarulhisam

This study was conducted to analyse the best opportunity for the investors or fund managers to invest during the pandemic Covid- 19. This research aims to study how the Coronavirus spreads affect several investment instruments such as cryptocurrencies, gold, oil and stock market that is FBMKLCI index. In this research, the hypothesis that was applied is to see if pandemic Covid-19 influence the price of several financial instruments. Furthermore, the variables used in this research are the Bitcoin price, gold price, oil price, and FBMKLCI for the dependent variable. Meanwhile, the independent variable will be daily cases, total cases, daily death and total death. Next, the findings of this research will underline the significant role of the independent variables affecting the investment instruments during the pandemic Covid-19. Due to the pandemic Covid- 19, most of the investment instruments become more volatile than before. In addition, this study shows that unexpected sentiments or economic shock will affect the price of investment instruments either positively or negatively. The research result of this analysis showed that Bitcoin price, oil price and FBMKLCI were highly affected by the spread of Coronavirus that is daily cases, total cases, daily death and total death. Meanwhile, gold price was only affected on the total cases, daily death and total death.