Gold advanced the most in more than two weeks amid speculation that China, the world’s biggest consumer, will take more measures to bolster the economy, boosting demand for the precious metal as a store of value.
Gas prices are a product of supply and demand. This article attributes recent gas price increases to stagnant oil supplies and growing global demand from emerging Asian economies - not speculators. Additional shocks to the U.S. refining capacity further tightened gas prices in the U.S. These forces will likely keep gas prices high for the foreseeable future.