| The gold spot price is decided by the state plan before 2002. Now the gold price is determined by the market, affected by many factors, therefore, it is constantly fluctuated. That brings great uncertainty to gold-related companies. It is important to understand the quantitative characteristics of gold price fluctuations, volatility, and the mechanism how to avoid price risk for companies gold-related and supervisors. So the following aspects are studied in this paper. It firstly describes general theory of prices, the risk of price fluctuation, reviewed the changes of gold pricing and the gold industry development in China. Then, the paper analyses the fluctuation features of spot price, compares the risk between spot price and futures price of gold and gets the relationship between gold spot price and futures price in number. After that, this paper researches the mechanism of gold spot price in China, expands a comprehensive analysis and proves that such factors as the international price of gold, the dollar value, crude oil and macroeconomic affect gold prices in China. Finally, the article gives some corresponding suggestions and measures on preventing price risk. |
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