To study the Malaysia macroeconomic determinants of volatility of world gold price / Nurul Shuhaida Fadzil

This paper analysed factors that affecting the world gold price. The study used Multiple Linear Regression Model to determined significant relationship between dependent and independent variables, covering data for 8 years period which are from 2006 until 2013. As gold has been a liquid asset for centuries with the property to hedge against crude oil prices, in times with and without the Gold Standard, much has been written about the price of gold. It still is not completely clear what drives the price of gold exactly. To date, no theory exists which shows how crude oil prices, gold demand supply and other variables affect the gold price movement. The researcher used four independent variables that affect the prices of gold which are crude oil prices (COP), gross domestic product (GDP), and unemployment rate (UR). The empirical results have found there is a crude oil price is positively significant. The results of the study are valuable for both academic and investor.