RSSWill the price of petrol rich to the newest heights? There has been analysis’s of crude oil reaching two hundred dollars per barrel. It has almost reached a hundred and fifty dollars per barrel. Recently OPEC has confirmed that there is no need to increase the production but the price has reached to the highest.
The price of dollar had reached the all time lowest, some months back in the international market. But we can see a bit of improvement in the dollar as it is gaining its momentum. On the other hand, gold which has an inverse relation with gold too shows no sign of declining. The price of gold too had crossed its previous highs.
The increment in the price of gold doesn’t have direct effect on the consumer but the price of oil surely has. Gold can be referred to a security only. This can be felt with more intensity in the developing nations and when it comes to a landlocked country like
However paper worked analysis can’t be always true. The prediction of oil to hit 200 dollars per barrel can simply go wrong. There were rumors regarding dollar that it would go below 50.00 in the local Nepali denomination which luckily did not happen. The price of oil too would not go to a 200 dollars mark. Simple calculations and looking at the current economy trend in the market is not sufficient to predict the future price of any commodities.
The thing which matters to the world is the dollar. The dollar has a very direct relation with the economy of the world and thus every nation is affected by the price of dollar. Gold however doesn't have a direct impact on some of the nation’s economy but it has something to do with dollars. Thus it affects the whole world’s economy.
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