An Empirical Study on the Factors Influencing China's Gold Price

Abstract

Since the collapse of the Bretton Woods system in 1973, the international gold price has no longer been directly linked to the US dollar, and the main factors affecting international gold have increased and become more volatile. Based on this background, gold, as a major commodity, possesses both asset and financial functional attributes. With the continuous opening of China's financial market and the introduction of a series of financial policies, the fluctuation factors affecting gold prices have become one of the topics that have been attracting attention from various parties in the industry. This paper uses Eviews software to analyze a series of variables that directly affect the gold price, and discusses how to confirm which variables are the main factors that ultimately predict the gold market price.