What is the relationship between the price of gold and the price of crude oil
Very irrational, there is still room for the rise of gold in the short term, but in the medium term must be plunged, no doubt.Do not understand, then in-depth exchanges
Crude oil prices and gold prices indirectly related. Crude oil fell, reflecting the global economy will enter a depression, gold is a safe haven currency, so up. When crude oil rises because of inflation, gold will rise with crude oil.
The ups and downs of international crude oil prices always go hand in hand with the rise and fall of gold prices, the two have a surprisingly similar.From the historical data, in the past 30 years, oil prices and gold prices showed a positive correlation of about 80%. The reason is that crude oil, as an important member of international commodities, has a significant impact on the development of the world economy. Fluctuations in oil prices directly reflect the current economic situation. And gold as a hedging tool, its price is closely related to people's expectations of economic conditions. In general, rising oil prices, inflation will follow the economic development, increased uncertainty, the economy is expected to decline, so have to buy gold to hedge against inflation, the price of gold rose. Conversely, the decline in oil prices, indicating that the economy is running well, people are better for the economy is expected to be higher, it will shift from gold to other investment items such as the U.S. dollar, the price of gold will gradually decline.
