Middle East Economic Survey


No 39


Fluctuations In The Gold Price And Its Relation To Oil Markets

By Mohammad Sadegh Noroozy

Mr Noroozy is a senior economic analyst at the Iranian Ministry of Petroleum.

The oil market, which is usually considered to be one of the major world markets, has a dual role with other markets and in particular the foreign exchange market. The oil market is influenced by developments in currencies, especially dollars, and sometimes can cause...