A product that is also favored by investors in the investment market is crude oil. The products in the investment market are often related but different. Spot gold and crude oil are both international investments. So what's the difference between them? \x0d\ First, know what crude oil is. Crude oil is oil, also known as "black gold". Traditionally, it is called crude oil extracted directly from oil wells. It is a dark brown or dark green viscous liquid or semi-solid combustible substance composed of various hydrocarbons. Although crude oil investment started late in China, it is still very similar to international spot gold, with some differences: \x0d\ First, crude oil is more sensitive to economic changes, while gold is more sensitive to currency changes. A large part of the demand for crude oil comes from industrial demand, accounting for about 40%. On the contrary, the demand for gold is basically investment demand and jewelry demand. Because of the close relationship between crude oil and industry, crude oil is very sensitive to changes in economic factors, such as industrial productivity and manufacturing demand. Second, crude oil is a commodity, while spot gold is a precious metal. Crude oil mainly focuses on the situation in the Middle East and shale oil in the United States, and is also easily affected by Chinese and American factors. Gold mainly focuses on the US dollar index. Crude oil is greatly affected by news, like crude oil storage data, because crude oil will be consumed, gold will not, and gold can always be in stock. \x0d\ Third, crude oil fluctuates more than gold. Small market scale, low liquidity, and demand fluctuation between industries and stored-value uses lead to increased volatility of crude oil trading. \x0d\ Fourthly, crude oil and gold come from different product resources, which will also play an important role in their prices. The relationship between crude oil production and crude oil price is not as close as that between gold production and gold price. Because most crude oil is produced as by-products of metals such as lead, zinc, copper and gold. \x0d\ Although the trading modes of gold and crude oil are the same, they are both two-way operations, buying down and buying up, and speculating prices. But to some extent, it is difficult to judge the long-term trend of crude oil only by technical indicators, because there are many political factors to consider.