1, from the perspective of the world economy
The fluctuation of crude oil price will directly affect the development of the world economy, especially the United States economy, because the total economic output and crude oil consumption of the United States are the highest in the world, and the economic trend of the United States will directly affect the changes in the quality of American assets, thus leading to the rise and fall of the dollar and the rise and fall of the price of gold.
In addition, both gold and silver are safe-haven products under inflation. The rise in crude oil prices means that inflation will follow, and the uncertainty of economic development will increase. At this time, the hedging effect of gold and silver will be favored by people.
In the medium and long term, the fluctuation trend of gold, silver and crude oil prices is basically the same, but the range is different. Generally speaking, the price of gold and silver is positively related to the price of crude oil. The rise of crude oil price indicates that the price of gold and silver will also rise, and the fall of crude oil price indicates that the price of gold and silver will also fall.
2. From the point of view of commodities
Crude oil and gold and silver are commodities. Money is the measure of commodity value. Commodity value increases, currency depreciates relatively, commodity value decreases, and currency appreciates relatively. Therefore, the surge in crude oil will lower the corresponding value of the dollar, while the rise in crude oil price will indirectly push up the price of gold and silver because of the impact of the fall in the dollar.
3. From the perspective of investment
Crude oil and gold and silver have similarities and differences, such as different attributes and uses, but this does not affect investment and trading. When investors know the basic quotation, they will know the funds you need to invest in this product.
There is no comparability between crude oil and gold and silver. Crude oil is a commodity, gold and silver are precious metals, gold and silver are not delivered, and crude oil has a delivery date.