The relationship between gold and oil price

There is a positive correlation between gold and crude oil prices, which is mainly caused by the following factors:

1, the international gold and crude oil prices are all priced in US dollars, and the fluctuation of US dollar exchange rate will directly lead to the same fluctuation of gold price and oil price.

2. High oil prices will aggravate inflation, leading to an increase in the price of gold.

3. The fluctuation of crude oil price directly affects the operation of gold in oil-producing countries, which leads to the fluctuation of gold price.

Major oil-producing countries, such as Saudi Arabia, Qatar, United Arab Emirates, Kuwait and Iran, are mostly concentrated in the Gulf region, mostly Arab countries, with huge crude oil dollars in their hands. When the international gold price fluctuates, their operations on petrodollars tend to be in the same direction.

What should I pay attention to when buying gold?

1. Choose a regular gold shop: When buying gold, you should choose a regular, large and long-established gold shop, with guaranteed quality and more exquisite gold jewelry technology.

2, pay attention to holiday promotion: before buying gold, it is best to rush to see the festival. It can be a few dollars cheaper per gram, which is more suitable. You can look around several large gold shops.

3, look at the purity of gold: when buying gold, choose high purity, such as thousands of gold. This kind of gold is bright in color, high in purity and more upscale to wear.

4. Ask for an invoice: Gold is very expensive, so you must ask for a formal invoice when you buy it. Don't forget, some merchants don't ask him for it, and he doesn't take the initiative to invoice you. Without the invoice, his rights and interests can't be guaranteed.

5. Don't overdraw to buy gold: It is not appropriate to buy gold according to your own economic strength. It is easy to bring disharmony to the family.

6. Take care of gold jewelry: When buying gold jewelry, pay attention to wearing it and don't lose it. Avoid contact with chemicals, such as paint, acid cleaners, etc. , and keep it sealed and moisture-proof.

Tips: It is best for small partners to go to large shopping malls or well-known gold shops, so that the quality is basically guaranteed. The time is chosen on a big festival or anniversary, so the price is relatively suitable. This is the best time to buy gold jewelry.

Trade-in has two trading methods:

1, trade-in, if there is no invoice, 7% depreciation fee will be charged, and then 10 yuan processing fee will be charged per gram. If you have an invoice, you will be charged a processing fee. That is to say, take the 10g gold necklace, which just started at 362 yuan/gram, and replace it with other styles of the same weight. If there is no invoice, 7% depreciation fee+100 yuan processing fee will be charged; Only the processing fee of 100 yuan is charged with the invoice.

2. Repurchase: At present, the repurchase price of thousands of gold and gold is 276 yuan/gram and 273 yuan/gram respectively, which is different from the original price by 89 yuan/gram. If the invoice cannot be provided, the price will be lower, which is 26 1 yuan/gram, which is about 100 yuan different from the original price.

Therefore, although the price of gold is low now, it is not necessary to make money at the beginning, but also to know the market situation in advance and keep the invoice.