Growing Oil Prices will Lead to Gold Appreciation | BullionBuzz Chart of the Week

As oil prices rise, inflation tends to increase. Gold acts as a great hedge against inflation and should continue its upward trend. Current economic conditions such as the Aramco explosions point toward increasing oil prices which should aid gold appreciation.

 

SGrowing Oil Prices will Lead to Gold Appreciation | BullionBuzz Chart of the Week

Source: Ycharts; BMG Group Inc.

Please share...

Leave a Reply

Your email address will not be published. Required fields are marked *