第一,原油对于经济方面的变动更为敏感,而现货黄金对于货币方面的变动更为敏感。原油需求中有很大一部分是源于工业需求,占比约40%On the contrary, the demand for spot gold is mostly due to investment and jewelry demand. Due to the close relationship between crude oil and industry, crude oil is sensitive to changes in economic factors such as industrial productivity, manufacturing demand, and so on.