Gold, as the previous post illustrated is correlated to oil. Of course Gold is also correlated to the US dollar and other currencies, an unofficial Gold standard if you will.
And then of course we have Gold that is used in addition to it’s investment characteristics as a legitimate commodity, used in jewelry and other industrial uses.
The reasons for the rise and fall of Gold therefore become multifactorial, with analysis required to illuminate the factors most influencing the price in any number of given circumstances.
