Direxion Daily Junior Gold Miners Index Bull 2X Shares (JNUG)

[CowBoE]

Eddyimano...I'm freebie, so I can't reply in PM.

Higher oil price triggers inflation,
and inflation is good for gold.

In other words, things that are (usually) bad (economic crisis,
geopolitical escalations, Ebola like breakout, high inflation, etc.)
for us tends to be good for gold.

That's why its considered a safe-haven investment in times of trouble.

Lastly, the reason why gold is so sensitive to dollar is because
US dollar is pretty much standard currency for commodities world-wide.