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Relationship between gold and oil will make the gold remained under pressure

UBS (UBS) said that, despite gold prices are doing well, but the relationship between crude oil and its still under pressure.

low oil prices in the near future, pressure on gold. UBS said that once the price of crude oil expected to see household gasoline expenses can save a total of almost $ 100 billion a year, and the money will be spent in other ways.

crude oil remains in the doldrums of recent gold price is a challenge, the correlation between recent three months rose to its highest level since July, but the recent slide despite the pressure and still perform well.

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