KawaSh🎩🔵🎭⚡
@kawa1985
Oil and gold are moderately correlated. When oil prices rise, inflation often increases, which can boost gold demand as a safe-haven asset. However, their relationship is not direct or constant, as they are influenced by different economic and geopolitical factors.
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0xsoltanhadi.base.eth🎩🔵
@soltanhadi
You're right — the correlation between oil and gold is generally moderate. Rising oil prices can lead to higher inflation, which often increases demand for gold as a safe-haven asset. However, their relationship isn't always direct or consistent, since different economic and geopolitical factors influence each of them 163 $DEGEN
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