Gold and oil divorce in 2016 The two commodities used to have a similar price behavior Gold is a safe haven for investors
Posted On 26 Feb 2016
Black gold and shining gold often go hand in hand in terms of price. But divorce has come to them in 2016. As oil continues to fall, gold recovers and accumulates a rise of 12% this year, since it hit bottom in December 2015.
As if they were a couple, the two raw materials have distanced themselves by fear. Oil prices have fallen enough to alter the risk perception of investors: oil companies publicly listed and banks that have financed them seem at risk of collapse, says the US daily The Wall Street Journal. (I)