Q. Which commodity is directly affected by international crude oil price fluctuations?
Answer: Gold & Silver
Notes: Gold and silver prices are directly influenced by changes in international crude oil prices. Increases in crude oil prices often cause currency depreciation in oil-importing countries, raising the cost of gold and silver imports. Price fluctuations can also increase demand for gold and silver as safe-haven assets. The global commodities market historically links oil and precious metals prices.
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