Advances in Economics, Management and Political Sciences
- The Open Access Proceedings Series for Conferences
Proceedings of the 2nd International Conference on Financial Technology and Business Analysis
Series Vol. 50 , 01 December 2023
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Access | Article
Time Series Analysis of LBMA Gold Price and Its Relationship with Stock Price
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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.
Keywords
gold price, stock price, ARIMA model
References
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Data Availability
The datasets used and/or analyzed during the current study will be available from the authors upon reasonable request.
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- Volume Title
- Proceedings of the 2nd International Conference on Financial Technology and Business Analysis
- ISBN (Print)
- 978-1-83558-147-6
- ISBN (Online)
- 978-1-83558-148-3
- Published Date
- 01 December 2023
- Series
- Advances in Economics, Management and Political Sciences
- ISSN (Print)
- 2754-1169
- ISSN (Online)
- 2754-1177
- DOI
- 10.54254/2754-1169/50/20230556
- Copyright
- 01 December 2023
- Open Access
- This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited