What is the relationship between crude oil and gold and silver?
This time the role of hedge gold hedge will be favored by people. There is a positive correlation between gold and crude oil, crude oil prices rise indicates that gold prices have to rise, the decline in crude oil prices indicates that gold prices will fall.
Gold prices are positively correlated with crude oil prices. Gold and crude oil are mainly denominated in dollars. Gold is a hedge against inflation, and rising oil prices mean inflation will follow, and the uncertainty of economic growth will increase.
. From the medium and long term gold and crude oil volatility trend is basically the same, but the magnitude of the difference, in general, the price of gold and crude oil prices are positively related.If you are welcome to ask questions, such as lucky to help you please accept, thank you!
