Investec Commodity Team

Gold, Inflation and a Higher Oil Price

Date:

Gold, Inflation and a Higher Oil Price
CC-BY-SA-2.0, FlickrFoto: Bullion Vault. La relación entre el oro, la inflación y el precio del petróleo

Author: Fórmate a Fondo

  1. There is a 91% correlation between US CPI and the USD gold price
  2. The gold price has traded at approximately 16x the oil price. Today that relationship is just shy of 12x
  3. Historically there is higher gold demand in the second half of the calendar year