What Broke The Bond Between Oil And Gold?

For decades, two of the world’s most-watched commodities, oil and gold, have typically moved in tandem. But lately, gold has been on steroids while oil prices have decidedly been on Quaaludes.  The big question for traders is whether this is just a separation or an all-out divorce. Higher oil prices tend to drive consumer prices higher because they increase the cost of making and transporting goods.  On the other hand, holding gold is a favorite way of protecting against inflation.  Geopolitical crises or supply disruptions…