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Question:

Impact of EIA crude oil inventory change on gold!

Also if the previous value of -600 million barrels, announced the value of -500 million barrels showed an increase in inventory, but! Is the data pre, or data > early. Students know to help answer, thank you!! Easy to understand adoption...

Answer:

In general, when the week is to increase or decrease, if the inventory increases, supply sufficient, bad crude oil and gold prices, and vice versa.Other data is not the same, generally published results compared with the estimated value.
In the long run, the basic factors affecting the two markets are the same, such as inflation, economic boom, unemployment and so on, these same factors will also have a synchronous impact on the two markets.
In fact, the two markets in the short term, it is difficult to obtain data directly related to each other, because the factors are very complex, not only the impact of mutual.
The price of gold is basically the same as the price of oil.The theory on crude oil inventories increased demand for crude oil to reduce oil prices -- > -- > -- > -- > -- > falling prices lower inflation down prices. however

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