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Would anyone know if low oil/energy prices impact the gold price? With lower energy prices, it's now less expensive to get it out of the ground and refine it. C

Would anyone know if low oil/energy prices impact the gold price? With lower energy prices, it's now less expensive to get it out of the ground and refine it. Could that mean more gold flooding the market in the future?

DubiousPusher 7y ago
Yes. But currently that effect is being significantly offset by massive demand for gold as a reserve metal.