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Re This Gold Price Correction

Posted by Mr.Copper @ 15:03 on July 7, 2026  

I suspect it’s related to the suddenly higher oil price that started with the war, Miners burn a lot a lot of diesel fuel. Gold was high in February.

Gold: https://finviz.com/futures_charts?t=METALS&p=w

Oil was $60 in February, then suddenly it flew up past $100.

Oil: https://finviz.com/futures_charts?t=ENERGY&p=w

So far it looks like oil was the problem and with four tankers getting attacked, it pushed oil back up a little the past two days.

Oil three days: https://finviz.com/futures_charts?t=ENERGY&p=h

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Post by the Golden Rule. Oasis not responsible for content/accuracy of posts. DYODD.