Raised gold and oil controversy and widespread in the global economic and political circles several times, owing to rejoice in its features and elements have led them to the top of the global markets, even if either of them in the event of the decline and fall of Vllpetrol great importance to the economic growth of any country, in addition to that he played roles several have had an impact in international relations, which became tense and mystery.
Gold Faihzy global economic reputation due to being one of the most precious metals, which everyone agrees irrespective of their affiliations to the acquisition, in addition to that individuals crave a sense of pride in owning it, and use a safe haven in times of crisis and war, therefore, gold and oil Nala great interest on the part of specialists since their discovery in view of complex economic relations between them and a lot of other economic variables in light of this, the importance of studying the relationship between gold and oil and clarified so that it can determine the effect of each on the other.
Eat lots of experts and specialists of this relationship before, and have concluded that there is a perception that the rise in gold prices and a close relationship with the energy and oil prices, from the premise that oil price relationship productivity of most goods because it is part of the cost of any commodity components, whether transport or production or other upon the occurrence of any changes in prices, it would affect the local economy through the creation of changes in the prices of domestic goods, whether change is rising or falling.
In the case of gold, which is a commodity important portfolio of wealth strategy, the say there is a connection between him and the oil are not arbitrary, the greater the oil price increase in gold prices occur, and for us to imagine how this relationship occur and can be summarized in the following points:
First, through observations and analysis is clear to us that when gold prices mutations occur in oil prices. At a time when he was investigating high prices, gold prices have been moving in the same direction. This is illustrated by our analysis of the prices of gold and oil. In the first quarter of 2005, oil prices have reached high levels exceeded fifty dollars barrier until it reached about $ 60.55 a barrel.
At the same time gold prices were to continue rising until it reached in April (last April) around $ 428.93 an ounce, then the price of a barrel in October (October) to $ 93 and the price of an ounce of gold to $ 777, which means that high oil gauge push gold towards Height.
Second, higher oil prices lead to higher proceeds of the national income-producing countries, leading to a rise in people's income level, which in turn leads to a higher standard of living, which allows individuals in this case the resources spent on satisfying the basic necessities, and then headed toward satisfying their need for luxuries such as gold, increasing demand and thus rising prices in addition to its use as an important tool safe for investment and the reserve for the future, away from the problems that result from investing in stocks, bonds and speculation.
Third: Another factor is just as important. In some cases, adult speculators in global stock markets for gold tempted to raise prices in their desire to absorb the increase in the proceeds of oil revenues resulting from higher oil prices, and in this context it should be noted that the rise in gold and oil prices have to factors and determinants associated with the extent of the rise or fall in the prices both of them, out of the scope of supply and demand.
As for the specific factors for the rise in gold prices, comes a lack of production in the first class, which leads to a lack of supply due to stop some producing countries increased production of gold and posed for several reasons. Here are notes that there is an inverse relationship between the amount of gold offered and the price, the more the supply price rose fell, and vice versa. In addition to the impact of lower interest rates in the gold prices.
It is hard in the event of low interest rates to seek and individuals to transfer cash savings they have to go, and so out of that gold is characterized by constant value even in times of crisis and the outbreak of wars and international unrest, which affect the performance of the global economy as well as the possibility to influence the price of gold to rise from by increasing the amount of reserves that exists among the developed countries, in the event of a politically motivated and effects on the part of these countries.
As for the rise in oil prices, it is: a lack of productive capacity, poor inventory in countries outside the «OPEC», in addition to fluctuations and political changes that play an important role in the rise in oil prices, as happened in the beginning of the US invasion of Iraq, also plays speculation in the oil market an important role in setting prices, as well as the ability of refineries to secure a sufficient quantity of the market, and insecurity in some producing countries, and fears of military actions such as those suggested by the Iranian nuclear situation, the Turkish military and the crowds on the Iraqi Kurdistan borders ... and the link between gold and oil closely link, Both are influenced by commodities in high Astrutajitan in the form of fast rotating shifts, especially in the production areas.