Generally speaking, gold futures represent the average price of international gold. His rise will drive the rise of domestic gold stocks. There is a single-line correlation between the two, that is, the international gold price will affect gold stocks, but not all gold stocks are affected by the international gold price. However, when the international gold price falls, the gold stock companies have excellent performance, and it is still possible to continue to rise without being affected by the international gold price drop. Therefore, gold futures rose, but gold stocks did not rise, indicating that the company's performance was not good, or there was unfavorable news in the stock market or changes in the company's inner layer, which caused investors to wait and see, leading to a decline or stagnation in the stock price.