Crude oil is greatly affected by domestic crude oil inventories in the United States. As long as the US crude oil inventory drops slightly, the crude oil price will soar! What's more, the futures prices of new york crude oil you see are all delivered several months later, and their prices have certain expectations for future crude oil demand.

Gold has the function of preserving value and is the best hedging tool. When the economy is bad, all kinds of funds naturally think of buying gold to preserve their value. In addition, gold is denominated in US dollars. Recently, the US dollar has depreciated sharply, so it is normal for gold prices to soar.

The price of nonferrous metals mostly depends on economic development. At present, the global economy has just bottomed out, so the demand for non-ferrous metals is still very limited.