Adel al-Jubeir,minister of foreign affairs of Iran, announced on January 3rd that Saudi broke off its diplomatic relations with Iran, the fuse for this is due to that Saudi executed Nimral-Nimr, who was one of the most important clergies of the Shiites. The contradiction between these two countries of Saudi and Iran is lasting for a long time, but as the two oil-rich country, their broken diplomacy must inevitably have a greater impact on the international situation. However, the reason of the risen international oil prices of course is due to this event. 

 

With the advances of shale oil mining technique in US, its dependence of oil on Saudi gradually decreases, which in fact means that the US and Saudi may change their relations from the interdependent relationships into oil competitors in another extent. This will also impact on the future price of crude oil and gold. Because the historical data had shown that the ups and downs of international crude oil price and gold price has the convergence about 80%. As can be seen from the following table, since the risen international crude oil caused by the broken diplomacy between Saudi and Iran, the international price of gold in recent days has also been upped.

However, in the view of many gold collections and investors, the current slowly risen of gold price does not mean the  rejuvenation of gold price under this turmoil international situation, thus many people are still more willing to pay attention to the tungsten gold-plated products. Because for the collectors, the same beautiful collectibles, but tungsten gold-plated products cost far less than the gold products, so its cost performance is self-evident.