Crude oil rose, gold and silver will rise? What's the relationship between them?
The $2 gold price and oil price fluctuations will cause fluctuations in the same direction in the international market, the price of gold and crude oil prices are in US dollars to quote, and international trade is traded in dollars, so when the dollar rose, the price of gold and crude oil prices fell; the dollar falls, the price and the price of gold the dollar rose.Of course, it is too strong to break oil and gold prices was positively related, but the relationship is not absolute, in some special period, the two have deviated from this relationship, such as: 1970s, the price of oil has been in the high, but gold prices down not up, mainly because the Ministry of Finance in order to prevent investors to the gold and white part of the speculative demand to buy gold reserves, the International Monetary Fund was also take the same count, resulting in the gold market supply increases, the price is difficult to rise.
There are two main reasons:The price of crude oil rose 1 will lead to inflation according to the relevant data showed that crude oil prices rose 10%, the inflation rate will rise by about 1%, resulting in a decline in inflation to buy the hands of the people of the currency, equivalent to the loss of money, can buy gold against inflation hedge, expanded by the people's demand for gold, resulting in gold prices.
Relationship between oil price and gold price:Gold is a hedge against inflation, and rising oil prices mean inflation will follow, and the uncertainty of economic growth will increase. 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. 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. The relationship between gold price and crude oil price.
