Correlation Economics
Dedicated to monitoring breaking global economic news on a day to day basis
maandag 25 november 2019
China Power Consumption / China GDP Vs. Gold Price
I found that the gold price is pretty correlated to China GDP. As China's economy does well, the Chinese will buy more gold.
There is however one peculiar outlier, the gold price surged in 2019 while China GDP didn't go up significantly.
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