Dear, generally speaking, the crude oil price we talk about refers to the WTI crude oil futures price of NYMEX and the Brent crude oil futures price of ICE.

Because crude oil and gold are two of the more important commodities in the current commodity market, generally speaking, in order to avoid investment risks in the foreign exchange market, especially the risk of significant fluctuations in the U.S. dollar exchange rate, the most conventional method for investment funds is to Some funds are invested in the commodity market, and crude oil and gold are the ideal hedging tools.

Generally speaking, the price trends of crude oil and gold should be basically similar. However, for example, the surge in international oil prices from the second half of 2007 to the first half of 2008 was largely due to the speculation of speculative funds. A large amount of funds came from Withdrawing from other varieties in the foreign exchange market, securities market and commodity market and turning to crude oil futures trading will inevitably reduce investment in gold!