Current location - Trademark Inquiry Complete Network - Futures platform - Why are crude oil and gold in opposite directions recently?
Why are crude oil and gold in opposite directions recently?
The author believes that there are two main reasons for the high positive correlation between crude oil prices and gold prices:

1. Both gold and crude oil are denominated in US dollars, and the reaction to the US dollar is the same. In other words, when the dollar rises, it will restrain both, and when the dollar falls, it will boost both.

2. Gold and crude oil are both scarce products and strategic reserves of a country. It is closely related to the changes in the global economic situation, so many times both of them show the phenomenon of rising and falling together.