Gold is a tool to hedge against inflation. Rising oil prices mean that inflation will follow, and the uncertainty of economic development will increase. At this time, the safe-haven function of gold will be favored by people. There is a positive correlation between gold and crude oil. The rise of crude oil price indicates that the price of gold will also rise, and the fall of crude oil price indicates that the price of gold will also fall. In the medium and long term, the fluctuation trend of gold and crude oil is basically the same, but the amplitude is different. Generally speaking, the price of gold is positively related to the price of crude oil.