Through reference to some literature and comparative analysis, our group found that although there is a lot of research on gold. However, there is relatively little research on the specific factors that affect the price of gold, and there are conflicting claims. Therefore, our team selects data from multiple factors such as investor confidence, average stock price, GDP, and gold reserves from the three aspects of economy, financial market, and market sentiment, and uses regression analysis to study their impact on gold, to find out the real influencing factors. This paper expands on the influencing factors of gold price during bear market periods, and we can conclude that the average factor and trading volume has a negative correlation with the gold price, while gold reserves and other factors have a positive correlation, which is the same as other literature.

Zeyu Zhu, Mengtong Wu, Xinyu Wang. Impact of China's Economic Dynamics and Financial Markets on Gold Valuation Master of Science in International Bank and Finance Department of Economics. Academic Journal of Business & Management (2024) Vol. 6, Issue 6: 73-78. https://doi.org/10.25236/AJBM.2024.060612.

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