Gold as a safe-haven asset: how it protects wealth during economic uncertainty

Mohamad, Zuraida and Mhd Atan, Ira Mazliana and Abd Ghani, Roseziahazni and Abu Samah, A’tiqah Rashidah and Yusof Ali, Noorhayati (2024) Gold as a safe-haven asset: how it protects wealth during economic uncertainty. Bulletin. Fakulti Pengurusan Perniagaan, UiTM Terengganu.

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Abstract

Gold plays a significant role in the global economy. It is a major export product for many countries, contributing to their GDPs and providing employment. For instance, thg economic impact of gold mining in various les has been substantial, with gold mining contributing significantly to the GDPs and employment rates in these regions. Gold is often seen as a safe-haven asset, especially during times of economic uncertainty. Its value tends to hold or even increase during periods of high inflation, making it an attractive option for investors looking to protect their wealth. Recent studies have shown that gold prices have remained highly persistent and continued to serve as a hedge for investors, particularly in the post-pandemic period.

Metadata

Item Type: Monograph (Bulletin)
Creators:
Creators
Email / ID Num.
Mohamad, Zuraida
zurai5312@uitm.edu.my
Mhd Atan, Ira Mazliana
iramazliana@uitm.edu.my
Abd Ghani, Roseziahazni
roseziah@uitm.edu.my
Abu Samah, A’tiqah Rashidah
atiqah@uitm.edu.my
Yusof Ali, Noorhayati
noorhayatiy@uitm.edu.my
Contributors:
Contribution
Name
Email / ID Num.
Chief Editor
Mohd Zahari, Ahmad Suffian
ahmadsuf@uitm.edu.my
Subjects: L Education > LG Individual institutions > Asia > Malaysia > Universiti Teknologi MARA > Terengganu
Divisions: Universiti Teknologi MARA, Terengganu > Dungun Campus > Faculty of Business and Management
Journal or Publication Title: BizNewz
ISSN: 2600 9811
Keywords: Gold, Global economy, Safe-haven asset
Date: 2024
URI: https://ir.uitm.edu.my/id/eprint/130290
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130290

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