The Oil Price Will Affect the Gold Price
The coming massive oil crisis is just over the horizon. Markets won't wait; until they arrive they discount the changes well ahead of them. The picture of a swing in wealth and power to the east from the west is shown by the changing shape of oil demand and supply. Add to that the crises that always attend such power swings and oil market changes are pointing to the time when gold will hit peak demand and gold price rise to unseen levels. Then the oil price will influence the gold price as a joint measure of the state of the global monetary scene.
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