U.S. crude oil rose on the precious metals is good or bad
Hello The composition of the dollar index is 70% of the impact of the euro against the dollar, while in the normal state, the dollar index andGold and silver copper oil is inversely proportional to the relationship
Crude oil prices do not directly affect on precious metals and precious metals, only the crude oil international is priced in dollars and settlement, so if the United States happens, will also affect the precious metals and crude oil. In the Middle East instability, rising will result in crude oil and precious metals, because the Middle East is the main oil producing war, oil production will decline, rising oil prices, while the precious metals have good hedging function, when the war risk factors, will also rise sharply.
If the dollar falls, then the price of gold, silver and copper will rise in the price of the dollarAlso established. Therefore, consider the relationship between Europe and the United States, it can be understood that, in the 70% state, gold and silver copper and oil is inversely proportional to the dollar.
