FlowBank

346 days ago • Posted by Paul de La Baume

Will the gap between #Oil and #Gold close? #trading #markets $WTI $GLD

Oil has plummeted amid fears of demand destruction and also piling inventories in the US. On the other hand, gold has rocketed higher as the dollar weakened amid the stress in the banking sector. Gold has also acted as a safe haven as investors rushed to buy gold and Treasuries amid the increasing uncertainty. Will the historic gap in their price performance recently close? Perhaps one may think so if market fears normalise, or perhaps not if traders' fears materialise in a larger banking crisis. 

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