Oil falls, Gold rises. Is it the new permanent tendency?

[barbara]

Hi, traders! There are many who say that commodities are not related to each other, but in the case of Oil and Gold surely they are! The recent volatility has shown proof of that.

Crude fell after dollar rose, taking gold higher. Other commodities were boosted over rising oil prices. Crude oil for November delivery fell by more than a dollar and a half to sit below $108 a barrel.

Gold was moderate yesterday after US government bailout plan. Spot gold was at $889.90/891.90 an ounce by 0856 GMT, down 1 percent from $900.20 an ounce at the nominal New York close on Monday.

I hope to hear (or read) your impressions for this week

Cheers!

Barbie