Precious Metals

Financialsense.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.

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MARKETS

Markets
TSX20197.61+15.69
TSXV702.09-3.49
DOW31880.24+618.34
S&P 5003973.75+72.39
NASD11535.27+180.66
ASX7148.90+3.30

COMMODITIES

Commodities
Gold1850.87-2.80
Silver21.72-0.02
Copper4.32-0.03
Palladium1998.00+13.00
Platinum951.00-2.00
Oil109.77-0.52
Heating Oil3.62-0.03
Natural Gas8.75+0.01

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