Study On The Relationship Between Price Of Gold And Precious Metals

The paper analyzed the relationship between gold price and other precious metals in the current financial market. Different from general commodities, precious metals was highly respected by people from thousands of years ago. Because of its commercial, monetary and financial attribute in different historical stages, precious metals has its own unique position. That’s why more and more literatures report the world price of precious metals. With the continuous improvement of the financial industry and the realization of the asset securitization indexation, the precious metals market peremptory has become a safe haven of asset value. Investing in gold market can also help survived from the financial crisis. In a word, whether central banks or individual investors, grasping the precious metals prices accurately is very important.The research obtains from the precious metals market. Reported the demand of Gold. Silver. Platinum and Palladium, we found out the common areas of industrial demand such as dentistry, jewelry and automobile exhaust catalyst. Use long-term and short-term price to show the relevance of precious metals. And in the part of quantitative analysis, the paper analysis the precious metal price with Eviews. The result of the study is that gold price significantly affect silver price in long-term, and there is a short-term impact of gold and other precious metals in different level. In the last chapter. we propose some precious metals investment advice.