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The Gold Price will be affected by the Oil price in future
Apr. 01, 2010 04:16PM PST
Precious Metals InvestingFinancialsense.com reported that the Gold Price will be affected by the Oil price in future:
Financialsense.com reported that the Gold Price will be affected by the Oil price in future:
For many years it was believed that the oil price had a direct impact on the gold price. Then the ‘credit crunch’ arrived, after the oil price had hit $145+ before tumbling to $35 a barrel. Since then the oil price has been treated as irrelevant to the gold price. We at Gold Forecaster believe it only had an indirect influence on the gold price in the first place.
