What's really been driving oil and gold so high?

Is it speculation that has driven the oil price above $90 overnight, or is there something more fundamental happening..? The latter, says Garry White. In fact, it's down to that most basic human emotions: fear.

Is it speculation that drove the oil price above $90 last week, or is there something more fundamental happening..?

Well, as I have argued many times here before, I believe that the oil price will rise over the medium term due to fundamental factors. However, the major driver that has pushed WTI futures over $90 and gold to a 28-year high is much more simple that supply and demand. It is a basic human emotion. That emotion is fear

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