The Gold Cliché
Ahmad Shauqi Zubir1, Azwadi Ali2
1Dr. Ahmad Shauqi Haji Mohamad Zubir*, Lecturer, School of Business and Maritime Management, University Malaysia.
2Dr. Azwadi Ali, Associate Professor, School of Maritime Business and Management, University Malaysia.
Manuscript received on June 09, 2020. | Revised Manuscript received on June 17, 2020. | Manuscript published on June 30, 2021. | PP: 141-148 | Volume-4, Issue-10, June 2020. | Retrieval Number: J10010641020/2020©BEIESP | DOI: 10.35940/ijmh.J1001.0641020
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© The Authors. Published By: Blue Eyes Intelligence Engineering and Sciences Publication (BEIESP). This is an open access article under the CC BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/)
Abstract: This study reports the findings from an extensive literature review on the factors that influence the prices of gold and the connections/interrelationships among global gold markets. Among other things, evidence observed from the literature review suggests that whilst there are seven main markets for gold across the world now, the prices of gold in the US and other markets do not have much impact on the prices of gold in the UK. The evidence also suggests that the impacts of the other factors like the exchange rate of the US dollar, inflation rate, interest rate, etc., on the price of gold are hard to quantify and use in a pricing model. Further, as more researches being published regarding gold factors, the newly discovered factors become intertwined with the factors that were discovered earlier by previous researches, hence complicates the explanation of gold factors.
Keywords: Gold markets, Gold prices, Gold factors, LBMA, COMEX, Gold futures, Gold mining, Gold demand and supply, Interest rate, Inflation rate, Currency, Gold ETF.