Why oil prices went down so fast and the impact on Gold. The reasons oil prices started sliding in June were hiding in plain sight: Growth in U.S. production, sputtering demand from Europe and China, Mideast violence that threatened to disrupt supplies and never did. That’s when Saudi Arabia cut prices for its biggest customers. The move signaled that the world’s largest exporter would rather defend its market share than prop up prices. What impact does low oil prices have on Gold? We use oil everywhere, not just in transportation but many goods are made from oil or the need for oil to produce energy and create our day to day products. If oil is cheap, then the price of goods drops, people buy more, thus the great wheel of economy spins a little faster. With a growing economy, gold tends to go down. As a gold investor, you need to readjust your trading strategy, whatever investments you have now more likely is down in value and you should keep it as a long term investment. Poor more money at current gold prices and If you make some profit… SELL. Don’t be greedy; don’t wait for the HUGE gain, that’s not investing, to my eyes that’s playing the lottery.