Oil has been described
as being in a bear-market spiralling collapse which started seven months ago and led the longest commodity downfall in this generation. On the other hand, the yardstick for inflation expectations monitoring gold is headed towards the most substantial yearly decline since the 2008 recession.
Although gold bullion recovered from a four-year slump in November, multi-national and financial services firms like Societe Generale SA and Goldman Sachs Group repeated their candid outlook on prices. Gold’s appeal as alternative asset continues to wane as the Us dollar together with equities rally. The Fed is also moving closer to increase interest rates to prevent the nation’s economy from over-heating.