1, the relationship between oil price and gold price
Generally speaking, there is a positive correlation between international crude oil prices and gold prices. The change of gold price precedes the change of oil price, and both gold and crude oil are denominated in US dollars. Their reaction to the dollar is the same. Gold and crude oil have the same feature, both of which are scarce. In terms of metal characteristics, they have gone through a long process of natural geographical formation. Gold has an anti-inflation effect, and both gold and oil have certain value. Generally speaking, the price of gold goes up, the price of crude oil goes up, the price of gold goes down and the price of crude oil goes down.
2. The relationship between oil price and stock price
Under normal circumstances, oil prices fall, industrial production costs decrease, inflation pressure of commodities decreases, and commodity prices tend to decline. This is good news for the transportation and automobile industries. Falling oil prices have reduced the profits of oil producers. If oil prices rise, the energy costs of enterprises and consumers will increase. If the European economy is sensitive to the price of Brent crude oil, the rise of Brent crude oil price is likely to drag down the European stock market. Some analysts call the relationship between oil price and stock price "seesaw".
3. The relationship between gold and stock price.
When the stock price rises, investors will sell gold and buy stocks, which will continue to push the price of gold down. Citibank research believes that there is no obvious regular relationship between gold price and inflation rate.