Analysis of the Gold Price Correlation Between China and the United States and its Influencing Factors

DOI

10.2991/978-94-6463-546-1_24How to use a DOI?

Keywords

gold price; dollar interest rate; dollar index; VAR model

Abstract

Gold price volatility has a profound impact on the global economy and investment decisions, and is a typical safe-haven asset. This paper uses VAR model and Granger causality test to analyze the relationship between Chinese and U.S. gold prices, as well as how the dollar interest rate and the U.S. dollar index affect the Chinese and U.S. gold prices. The findings show that China’s gold price volatility will be affected by the U.S. gold price volatility, and the U.S. dollar interest rate also presents a significant impact on the gold price. Investors and policy makers should strengthen their monitoring and understanding of the gold market in order to optimize their investment strategies and formulate more precise economic policies, so as to maintain national economic security and financial market stability.

Copyright

© 2024 The Author(s)

Open Access

Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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TY  - CONF
AU  - Xiaolin Zhu
PY  - 2024
DA  - 2024/10/27
TI  - Analysis of the Gold Price Correlation Between China and the United States and its Influencing Factors
BT  - Proceedings of the 2024 2nd International Conference on Finance, Trade and Business Management (FTBM 2024)
PB  - Atlantis Press
SP  - 217
EP  - 227
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-546-1_24
DO  - 10.2991/978-94-6463-546-1_24
ID  - Zhu2024
ER  -