Is there any relationship between gold and crude oil? Two of the world’s most sought-after commodities have had a mostly close relationship in the past. However, with the introduction of global economic turmoil and geopolitical trade tensions in the mix has altered the gold-oil relationship drastically. This article explores three theories to understand the correlation …
The Correlation Between Gold and Crude Oil: 3 Theories Read More »
Common sense tells us that there is a strong relationship between the gold rate and inflation. When the inflation climbs up, so does the demand for gold and consequently the gold prices. The reverse of this also seems theoretically correct. A fall in inflation will lead to a fall in the gold rate. This looks …
What Drives the Gold Rate? Gold has seen much evolution since its days as a precious metal for jewelry and store of value. Today, it is one of the most sought-after investment options. On the other hand, gold is a vital component in the manufacture of medical and electronic equipment. After the fixed pricing of …
This article explores the history of human’s relationship with the yellow metal in the last five centuries. For ease of comprehension, the story is broken up into 11 parts. Table of Contents 1. Ancient History and Classical era (8th century BC and the 5th century AD) In Egypt and the Middle East, 5 centuries ago, …
Fineness or purity denotes the content of gold in proportion to the total weight in various gold products, such as coins, bars, and jewelry. Millesimal fineness is a system to denote the purity of pure gold by mass in the alloy. It is expressed in units of parts per 1000. Bullion gold typically comes with …