Correlation Analysis Between Gold Prices and Stock Prices

A Case Study of the Chinese Market

DOI

10.2991/978-94-6239-719-4_3How to use a DOI?

Keywords

Gold Prices; Stock Prices; Capital Market

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.

Copyright

© 2026 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  - Qi Li
PY  - 2026
DA  - 2026/07/09
TI  - Correlation Analysis Between Gold Prices and Stock Prices
BT  - Proceedings of the 2026 6th International Conference on Enterprise Management and Economic Development (ICEMED 2026)
PB  - Atlantis Press
SP  - 14
EP  - 23
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6239-719-4_3
DO  - 10.2991/978-94-6239-719-4_3
ID  - Li2026
ER  -