Investigating the Impact of COVID-19 on Important Economic Indicators

ABSTRACT

COVID-19 has impacted the world unlike any other world event in our recent memory. Entire humanity has been afflicted by this pandemic. As a consequence of the pandemic, the governments around the world have decided to impose lockdowns restricting economic interactions and relationships in a scale and form which has not been witnessed by the modern man ever in his memory. The general assumption here is that growing COVID-19 patient and mortality counts give rise to a greater sense of uncertainty, and this greatly impacts the prices. It is imperative thus for both the researcher community to observe and investigate the influence of COVID-19 patient and mortality counts on geopolitical and economic index indicators as well as the influence of these COVID-19 indicators upon important economic indicators such as the gold price as well as stock market prices. For this specific purpose, this work investigates the influence of COVID-19 patient and monthly death counts on the economic indicators of gold and stock market prices. © 2022, The Author(s), under exclusive license to Springer Nature Singapore Pte Ltd.