THE CONSTANT RISE IN THE PRICES OF BOTH GOLD AND CRUDE OIL MAY HAVE BEEN ATTRIBUTED TO THE CHANGES IN THE RATING OF THEIR VALUES AND DECREASED PRODUCTION.

Although both the prices of gold and crude oil rated at $1427.60 and $105.60 respectively have been rising constantly in the world markets, due to the upheavel in the economic performance of the major economies and the unrest in the North African and the Arab World countries, nobody seem to know the reason for the constant rise in the price of gold that may disqualify gold from being the only monetary precious metal in our world today, except for the increase in the price of crude oil. The value of items in the markets have been usually attributed to the quality of the items and the demand on the items in the various markets that may be the domestic markets, or the foreign markets. However, scarcity, or reduced production could tip off the balance in the world markets.

Written by Godfrey Ohia.