GOLD 0.51% $1,391.7 gold futures

Who does not "celebrate" lower petrol prices? Whereas the...

  1. 1,630 Posts.
    Who does not "celebrate" lower petrol prices?
    Whereas the producer's profitability is
    reduced (investment?);
    the consumer has more disposable
    income, and very likely will spend it
    on consumption (a longer holiday etc.).
    Business consumers reduce costs,
    and thus expand.
    The multiplier effect, like
    reducing taxes!

    The effect on spot gold?
    Gold is yella,
    Oil is black!
 
watchlist Created with Sketch. Add GOLD (COMEX) to my watchlist
 
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.