No direct relationship between oil and gold prices. Recent gold price hikes are mostly associated to increased capital market volatilities and a declining dollar. Investment in in shares or bank deposits is too fragile. Gold is believed to be able to keep the value when when money markets fail. So, when everyone is rushing for gold while it's supply is limited, the law of demand and supply apply - prices increase
Friday, July 30, 2010
Is there any link between 'crude oil price' and 'gold price'?
What is behind the gold price hike?Is there any link between 'crude oil price' and 'gold price'?
No direct relationship between oil and gold prices. Recent gold price hikes are mostly associated to increased capital market volatilities and a declining dollar. Investment in in shares or bank deposits is too fragile. Gold is believed to be able to keep the value when when money markets fail. So, when everyone is rushing for gold while it's supply is limited, the law of demand and supply apply - prices increaseeye cream
No direct relationship between oil and gold prices. Recent gold price hikes are mostly associated to increased capital market volatilities and a declining dollar. Investment in in shares or bank deposits is too fragile. Gold is believed to be able to keep the value when when money markets fail. So, when everyone is rushing for gold while it's supply is limited, the law of demand and supply apply - prices increase
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