Oil prices have fallen to pre-Iran war levels, trading in the $70-a-barrel range, while gold prices have been slowly trending down for months. But are these trends correlated? At first glance, declining oil and gold prices could suggest a cooling economy and easing inflation concerns. That’s because both these commodities react to economic uncertainty. But there are more forces at play right now, and the prices of oil and gold don’t, in reality, show a very strong correlation. Here’s what you need to know about the connection between oil and gold prices, and what it means for precious metal investors. The prices of ... (full story)