Abstract
With the continuous development of modern financial system, the gold market and stock market have gradually become a hot topic of research in the financial field. Many scholars have conducted deep research on gold and stock price. The ARIMA model is used in this paper to investigate the time series of the gold price and its relationship with stock price by using LBMA gold price and S&P 500 Index data between 1980 and 2022. According to the results of research, the gold price shows an upward trend over the entire period and would fluctuate within a certain range in short term. Moreover, gold price is positively related with stock price. And when there is a rise in gold price, there would be a rise in stock price. This study uses newer data to fill the gaps in the field and provide reference for investors and central banks. Finally, this paper has some shortcomings. The study should further discuss the optimality of the model and data.
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