What is the relationship between oil prices and gold?
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2 Answers
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Oil prices and gold often diverge; gold hedges inflation and uncertainty, while oil tracks global demand and energy supply, with prices moving on macro signals.
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I watched during the COVID era, and oil's wild swings often rattled portfolios while gold steadied as a hedge. When inflation fears spiked, I increased gold exposure; when oil surged on supply cuts, I kept a smaller stake in energy and favored cash or gold.
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