Oil Rises, Gold Falls Because Dollar Might Go Down or Up

Today, oil rose and gold fell.  I scoured the Bloomberg to find out why. 

At 2:57, Bloomberg posted this article on the Bloomberg terminal about gold falling because traders expect the dollar to rise.

Gold futures fell to the lowest close in three weeks in New York on speculation that the U.S. will raise interest rates to protect the dollar, cutting demand for the precious metal as an alternative investment.

At 3:40, Bloomberg then posted this article about oil rising because traders expect the dollar to fall.

Crude oil rose more than $5 a barrel as the dollar dropped against the euro on statements that the European Central Bank may boost interest rates to cut inflation.

In other words, nobody has a clue.

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