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Nov 1, 2024
ChatGPT Study Links Sentiment to Gold Futures Returns
A study using ChatGPT analysed investor sentiment in the gold futures market. The research found a strong correlation between positive sentiment and increased gold futures returns, especially during economic crises. A 1% increase in positive sentiment led to a 0.143% rise in average returns. The study demonstrated AI's effectiveness for market trend analysis and its potential for streamlining research in various fields.