What is the relationship between gold and crude oil?

There is a positive correlation between gold and crude oil. The rise of crude oil price indicates that the price of gold will also rise, and the fall of crude oil price indicates that the price of gold will also fall. In the medium and long term, the fluctuation trend of gold and crude oil is basically the same, but the amplitude is different. Generally speaking, the price of gold is positively related to the price of crude oil.

The properties of crude oil include physical properties and chemical properties. Physical properties include color, density, viscosity, freezing point, solubility, calorific value, fluorescence, optical rotation and so on. Chemical properties include chemical composition, composition and impurity content.

Extended data

Exchange rate fluctuations in one market can spread to other markets quickly, but each market has its own different characteristics. Simulation is very important. FXCM global gold exchange can be used as foreign exchange, gold and silver products. Sydney gold foreign exchange market is one of the earliest foreign exchange trading markets in the world every day. Usually, exchange rate fluctuations are relatively calm, and the trading varieties are mainly Australian dollars, New Zealand dollars and US dollars.

Generally speaking, the development speed of the world economy determines the total demand for gold. For example, in the field of microelectronics, gold is increasingly used as a protective layer; In the fields of medicine, building decoration and so on, although the progress of science and technology makes gold substitutes appear constantly, the demand for gold is still on the rise because of its special metal properties.

Baidu encyclopedia-gold price