The article examines how gold futures in China affect spot prices during uncertain economic times. By using different models, the researchers found that gold futures have a limited impact on stabilizing spot price volatility. In times of economic uncertainty, the correlation between gold futures and spot prices weakens, leading to more frequent fluctuations in gold futures prices compared to spot prices. This suggests that the effectiveness of gold futures in regulating spot prices decreases during uncertain economic conditions, prompting the need for alternative methods to stabilize the gold market.