I never really understood investing in commodities. It seems that gold and oil gain more for long term investors when stock prices begin to go down and other investors seek alternative investments, thus raising the price of oil and gold.
After such interpretation, it seems that a recent increase in gold gain is probably caused by investors running from stock markets which are about to collapse, not anything related to gold itself. This might not be true.
However, oil gains have some significant fluctuations on their own.
What: “Gain” is the amount one’s investment would change if USD 100 were invested five years ago. Stock is made from Dow Jones Industrial Average and Nasdaq Composite indices. Oil is represented by Crude Oil.
When: The chart begins in February 1990, but the data begins in February 1985. The most recent data is in April 2020.
Source: investing.com