Impact of Gold Prices on Stock Market: A Case study of Malaysia
2020
In this research study, the relationship betweenthe stock market index of Malaysia (KLCI) and the Gold price index (GI) has been empirically examined. The methodology includes state of the art approach of linear regression and then followed by an advanced approach of quantile regression. Daily data of the KLCI index and Gold index ranging from Jan 2006 to May 2017 has been used to examine the relationship among the targeted variables. The results of linear regression show that there is a negative relationship betweenKLCI and GI. Quantile regression provided highly significant results for the existing relationship of the KLCI and gold price Index in all of the quantiles.
Keywords: Stock Market, Gold Prices, Quantile Regression.
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