-
Gold and oil prices are both down. Here’s why that matters
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 ... (full story)
- Comments / Top
- Subscribe
-
Related Stories
IRAN HAS REQUESTED A MEETING. IT WILL TAKE PLACE TOMORROW IN DOHA! President DJT
From thegoldforecast.com | 8 hr ago
Gold extended its retreat on Monday, a session that captured something many investors are still struggling to accept: in the current regime, a flare-up in the Middle East no longer lifts the metal. It pressures it. Spot gold slid 1.5% to $4,025.83 an ounce by 12:12 p.m. ET (1612 GMT), paring an earlier drop of more than 2% that briefly carried prices to ...
Gold prices eased lower in the first half of Monday’s session, even as the US dollar edge lower. Investors have largely looked through the latest military exchanges involving the US and Iran, especially after the two sides have apparently agreed to end days the fighting around the Strait of Hormuz and resume peace talks. The trend is clearly bearish on ...
