Gold's Rally Against Oil Is Just Beginning
- Precious metal rallies amid tensions to near $1,300 level
- Slump in oil indicates start of three-year gold rally
Gold Gains, Oil Set for Third Weekly Drop
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Even as some analysts decry that gold is looking expensive, the rally may be just getting going.
In the midst of a tumultuous month in U.S. politics and global security, traders have pushed gold futures to near a nine-month high. But if the history of gold’s relationship with oil is any guide, that surge may last longer than the flare-up in geopolitical tension.