Gold-oil ratio points to higher gold prices | 2022.04.16 The gold-oil ratio is an important indicator of the global economy's health. Because gold and crude oil are both denominated in US dollars, they are strongly linked. That is because as the US dollar rises, commodities priced in USD fall, and vice versa. As the dollar drops, commodities generally go up. Another important link
2022.04.16 The gold-oil ratio is an important indicator of the global economy’s health. Because gold and crude oil are both denominated in US dollars, they are strongly linked. That is because as the US dollar rises, commodities priced in USD fall, and vice versa. As the dollar drops, commodities generally go up. Another important link| USSA News
Source: ussanews.com