Proceedings of the 2025 3rd International Academic Conference on Management Innovation and Economic Development (MIED 2025)

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Correlation Analysis Between Crude Oil and Gold

Authors
Yiran Chen1, *
1School of Public Finance and Taxation, Capital University of Economics and Business, Fengtai District, Beijing, China
*Corresponding author. Email: b10727034@office365.npust.edu.tw
Corresponding Author
Yiran Chen
Available Online 17 September 2025.
DOI
10.2991/978-94-6463-835-6_49How to use a DOI?
Keywords
Crude oil; Gold; Macro environment; Regression analyze
Abstract

The current market has a close link between CL/GC, with a possible correlation. The fluctuations in crude oil prices may somewhat affect the gold prices. This study utilises SPSSPRO to perform DLS regression analysis on crude oil, gold, and other variables to derive correlation results. The research collected data of crude oil, gold and related macroeconomic factors in the past 10 years for analysis and research and obtained the average value and other relevant data. Finally, the path chart of relevant variables was obtained to see the correlation between dependent variables, independent variables and control variables more clearly. The study finds a positive correlation between crude oil and gold prices, meaning that when crude oil prices rise, gold prices also rise, and when crude oil prices fall, gold prices fall. Other macroeconomic factors also correlate with gold prices, such as rate of inflation, US federal interest rate and exchange rate (US), these macroeconomic factors all have a high or low impact on gold, but the degree of correlation varies.

Copyright
© 2025 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 2025 3rd International Academic Conference on Management Innovation and Economic Development (MIED 2025)
Series
Advances in Economics, Business and Management Research
Publication Date
17 September 2025
ISBN
978-94-6463-835-6
ISSN
2352-5428
DOI
10.2991/978-94-6463-835-6_49How to use a DOI?
Copyright
© 2025 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Yiran Chen
PY  - 2025
DA  - 2025/09/17
TI  - Correlation Analysis Between Crude Oil and Gold
BT  - Proceedings of the 2025 3rd International Academic Conference on Management Innovation and Economic Development (MIED 2025)
PB  - Atlantis Press
SP  - 464
EP  - 472
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-835-6_49
DO  - 10.2991/978-94-6463-835-6_49
ID  - Chen2025
ER  -