A Research on the Relationship between Share Price of Chinese Gold Enterprises and Gold Prices

摘要

By qualitative analysis and stepwise regression, authors explored the relationship between share prices of Chinese gold companies and the gold prices both internationally and domestically. The results show that the share prices of gold enterprises are generally positively related to the domestic and international gold prices, with the former price impacting more obviously than the latter one, and the gold price in Euro is more powerful than that in US dollar in term of influencing the share price. The rule above is slightly different for different gold companies.