Crude oil and gold
We will be looking at Crude oil and gold prices. Crude oil and gold are both commodities that serve as beacons for hard asset investors. There’s a correlation between crude oil and gold that we should recognize. Considering both commodities have a common denominator value in U.S. dollars, that serves as a measure of inflation.
The prices of oil influence the global economy.
In addition to their role as a source of energy, there are significant input costs for shipping, airlines and transportation companies.
Crude oil prices CL.1, -1.07% are revealing concerns over slow global growth and the potential for tariffs that may decrease energy demand.
Moreover, monitoring developments in the oil area can benefit investors across a broad landscape.
More on this story can be found at: https://bullionexchanges.com/blog/2019/06/17/crude-oil-overpriced-gold-undervalued/