What is relationship between US dollar, Gold price and crude oil Price??

Question

please tell me what will happen OR happens when....

1. if there is RISE OR FALL in US dollar then what will happen to

GOLD PRICE RISE OR FALL???

2. if there is RISE OR FALL in US dollar then what will happen to

CRUDE OIL PRICE RISE OR FALL???

3. if there is RISE OR FALL in CRUDE OIL PRICE then what will happen to

GOLD PRICE RISE OR FALL???

PLEASE TELL ME

Answer 1

If the US dollar goes down, which is now going on, crude and oil will go up. Dollar rises, oil and gold usually go down. There are also other factors, inflation, recession and crude inventory, but those are the general rules.

Answer 2

they are married to each other

Answer 3

The value of gold is not impacted by the value of currency. The value of gold never rises and never falls, however, the amount of paper currency exchanged for gold rises and falls based on the global economy.  Gold is essentially the global currency and is the only currency of real value.

The value of crude oil is not impacted by the value of currency either.

Our monetary system is called "Flat Currency".  This means that the usefulness of our paper currency does not result from any intrinsic value or guarantee that it can be converted into gold or another currency, but from a government's order (fiat) that it must be accepted as a means of payment.

Answer 4

1. If the US dollar falls, Gold will remain the same price for the rest of the world. But, for the U.S., we will end up paying more for the same amount of gold

2. If the US dollar falls, Oil prices will rise for the U.S., but oddly, it will fall for other countries. This is because crude oil is primarily traded in U.S. dollars.

3. Since oil is used in the process of excavating and refining the gold, if oil prices go up, so does gold prices.