Research On Influencing Factor And Variation Rule Of China’ Old Spot

Gold with its unique product attributes and financial property occupies a unique placein the long history of human socio-economic development. Put aside the gold as gold, jewelryand other raw materials, currency attributes aside, the sole purpose of its financial propertysince1816, the United Kingdom announced the first of the gold standard, to the turn of thecentury, dozens of years the world’s major industrialized countries have been established tothe gold standard, and then the last century into the thirties does not honor the monetarysystem, up to40years after the collapse of the Bretton Woods system of the seventies led togold in the world are no longer credits identity of the material appeared in the national lawsand regulations, but as one of the important foreign exchange reserves of the countries on theworld economy still plays an important impact. This is so depends on mobility but also hasthe function of safe-haven gold has both superior to other metals. Such excellent financialattributes the gold market has become one of the world’s high-profile market, but also given aspecial significance for the market research.The purpose of this study is to understand and master the basic situation of China’s goldspot price influencing factors and changes in the law. First, the importance of research on theprice of gold historical price trends and influencing factors of China’s gold spot price andprice changes in the law. After the intuitive features of the historical development of China’sgold market (including gold spot market gold futures market) and price changes as well asdomestic and international factors affecting the domestic gold spot market price in-depthanalysis, selected six factors as The study China’s gold spot market price of the main factorsaffecting the empirical analysis. The empirical results based on the combination of economicsand finance theory and practical to determine this article that several factors play an actualimpact on the price of gold spot market in China, and then try to use the GARCH modelfitting Shanghai Gold Exchange the volatility of the closing price of the Au9995spot to findthe law of price fluctuations. Finally, given this study conclusions and make recommendationsto the parties to the supply and demand of China’s gold spot market organization.