Factors affecting gold price / Atiah Zakaria

This study was to determine the factors that positively influence or affecting the gold price movement as in general since there were several factors that can influence the gold price in Malaysia. The factors that were selected in this study are called as independent variables. There are five independent variables which are inflation, Money Supply (M3), exchange rate, risk free rate and composite index (KLSE) that the statistical data could be found from Bank Negara Malaysia website. The findings of the study showed some factors do affecting gold price and some are not. We are managed to see whether the there is a relationship between dependent and independent variables and does correlation really exist between them. From the study conducted, the finding and the conclusion are defined, followed by a few of recommendations. This study will beneficial to the Malaysian economy, gold businesses and also to all the investors especially in Malaysia where they will be able to identify and recognize the major factors and causes that affecting the gold price movements.