determinanats gold in malaysia
1.5 SCOPE OF STUDY
The main purpose of this study is to analyse the determinants of Gold Price in Malaysia. There are a lot of factor that contribute to the pricing gold price, but this research only focusing on three economic variables, which are Crude Oil Prices (LOIL), Inflation Rates (LCPI), and Exchange Rates (LEXC). Data that have been use in this research is authentic and can be trusted. All data were obtain from 2009 to 2013.
1.6 SIGNIFICANCE OF STUDY
Basis of having this study is to obtain more information in order to go deeper in effect of selected variables in determining price of gold in Malaysia. This study proves that there is strong relationship between economic variables and price of gold in Malaysia. The findings in this research could open up some of the unknown to the public. To the investor and speculators, this would help in forecasting the future price of gold which can bring profit to them.
1.7 LIMITATIONS OF STUDY
Some of constrains faced by the researcher:
1.7.1 Time management
The research was been conduct during the final semester of the researchers. Beside conducting this research, they have been assign with a lot of assignment, test, quizzes, and task. There was barely insufficient time.
1.7.2 Limited resource
Data that been applied in this research may not sufficient. Thus, the accuracy is only depended in published journal and magazine. Some of the information was kept private and confidential. Not all the information used is from government data.
1.8 DEFINITION OF TERM
1.8.1 Crude oil price
In other word, petroleum. An unrefined petroleum product composed of hydrocarbon deposits. It is in daily life, such as diesel, gasoline and etc. Malaysia is world second top exporter of palm oil. Price of crude oil is depend on the world market demand.
1.8.2 Inflation rate
It is known as increase in general price level of goods and service over a period of time. Inflation can affect the purchasing power as high
The main purpose of this study is to analyse the determinants of Gold Price in Malaysia. There are a lot of factor that contribute to the pricing gold price, but this research only focusing on three economic variables, which are Crude Oil Prices (LOIL), Inflation Rates (LCPI), and Exchange Rates (LEXC). Data that have been use in this research is authentic and can be trusted. All data were obtain from 2009 to 2013.
1.6 SIGNIFICANCE OF STUDY
Basis of having this study is to obtain more information in order to go deeper in effect of selected variables in determining price of gold in Malaysia. This study proves that there is strong relationship between economic variables and price of gold in Malaysia. The findings in this research could open up some of the unknown to the public. To the investor and speculators, this would help in forecasting the future price of gold which can bring profit to them.
1.7 LIMITATIONS OF STUDY
Some of constrains faced by the researcher:
1.7.1 Time management
The research was been conduct during the final semester of the researchers. Beside conducting this research, they have been assign with a lot of assignment, test, quizzes, and task. There was barely insufficient time.
1.7.2 Limited resource
Data that been applied in this research may not sufficient. Thus, the accuracy is only depended in published journal and magazine. Some of the information was kept private and confidential. Not all the information used is from government data.
1.8 DEFINITION OF TERM
1.8.1 Crude oil price
In other word, petroleum. An unrefined petroleum product composed of hydrocarbon deposits. It is in daily life, such as diesel, gasoline and etc. Malaysia is world second top exporter of palm oil. Price of crude oil is depend on the world market demand.
1.8.2 Inflation rate
It is known as increase in general price level of goods and service over a period of time. Inflation can affect the purchasing power as high