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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. 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. 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. 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 inflation will reduce the intention of buyer to buy. Consumer will kept their money rather that make some purchase transaction. 1. 8. 3 Exchange rate It is refer to two different currency value exchanges with one another. Currency could rennet one country economic control winner IT ten currency Is strong, mean t at economic condition is in good condition, while if the currency is weak than the economic condition is poor.
In chapter one, the paper introduce the selected economic variables which are Crude Oil Prices (OIL), Inflation Rates (LCP), and Exchange Rates (ALEX). Purpose of research is to examine the relationship between selected economic variables and price of gold in Malaysia. This chapter address about the problem statement, research question and research objectives. The scope of study, and its limitation are also given. Definition of selected economic variable are also been explain in this chapter. This chapter could help inventor and speculator to predict and forecast future price of gold in order to gain more profit.