Gold and Oil Prices Are Both Down. Here’s Why That MattersGold and Oil Prices Are Both Down. Here’s Why That MattersGold and Oil Prices Are Both Down. Here’s Why That Matters
Gemini / GoogleOil prices have fallen to pre-Iran war levels, trading in the $70-a-barrel range, while gold prices have been slowly trending down for months. But are these trends correlated? At first glance, declining oil and gold prices could suggest a cooling economy and easing inflation concerns. That’s because both these commodities react to economic uncertainty. But there are more forces at play right…