Effect of COVID-19 on Gold Market
27 Pages Posted: 12 Feb 2021 Last revised: 29 May 2021
Date Written: June 25, 2020
Using the secondary bastions of Gold market in the COVID-19 PANDEMIC this paper aims to record the changes in the GDP Per Capita and Employment level caused by Gold. Using empirical data fora particular period this paper aims to establish the positive relationship between Gold market and Economic growth measured as a GDP per Capita , FDI, employment and how new schemes in Gold are will be helpful for those migrants who left cities and west to their homes. A simple multivariate regression has been used for the analysis. Affirming the hypothesis, government is expecting that Gold market will affect GDP per Capita with a positive relationship. However there is significant evidence to show positive relationship between Gold market and employment.
Keywords: GDP, FDI, Gold Market, COVID-19, pandemic, per capita
JEL Classification: M1
Suggested Citation: Suggested Citation