There is a positive correlation between oil and gold. When the oil price rises, the gold price will also rise, and when the oil price falls, the gold price will also fall. But under special circumstances, such as political tension in the Middle East, rising oil prices and falling gold prices, or oversupply of oil, rising oil prices and falling gold prices.

Oil prices are affected by oil production in OPEC countries, oil production in non-OPEC countries and production costs. Gold and the dollar are directly linked, and the rise and fall of gold is mainly affected by the appreciation and depreciation of the dollar.