Correlation Analysis Between Gold Prices and Stock Prices

Qi Li ()
Additional contact information
Qi Li: Hunan University, College of Finance and Statistics

A chapter in Proceedings of the 2026 6th International Conference on Enterprise Management and Economic Development (ICEMED 2026), 2026, pp 14-23 from Springer

Abstract: Abstract As crucial financial assets, the correlation between the price of gold and stocks has long been a central topic in financial research. Against the backdrop of the Chinese market, this paper aims to explore the dynamic connection between gold prices and the stock market. Using a vector autoregression (VAR) model combined with impulse response functions and Granger causality tests, the immediate term shock effects and connection of long-term equilibrium between the two are analyzed. The results show a strong relationship between gold prices and the stock market: fluctuations in gold prices play a safe-haven role for the stock market, while changes in the stock market also feedback into gold prices. The conclusions of this study contribute to revealing the risk transmission mechanisms within China’s financial market and provide references for portfolio optimization and policy formulation.

Keywords: Gold Prices; Stock Prices; Capital Market (search for similar items in EconPapers)
Date: 2026
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:advbcp:978-94-6239-719-4_3

Ordering information: This item can be ordered from
http://www.springer.com/9789462397194

DOI: 10.2991/978-94-6239-719-4_3

Access Statistics for this chapter

More chapters in Advances in Economics, Business and Management Research from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().