Gold and Oil didn't go up. The dollar went down as it was looted.

As Brookes calculated in his essential book The Economy In Mind, "In 1970 an ounce of gold ($35) would buy 15 barrels of OPEC oil ($2.30/bbl). In May 1981 an ounce of gold ($480) still bought 15 barrels of Saudi oil ($32/bbl)." Fast forward to the present, and an ounce of gold ($1750) buys roughly 20 barrels of oil ($85)   

The dollar bought roughly 1/35th of an ounce of gold in 1971, today it buys less than 1/1750th.  Real Clear Markets

Comment 1.  The dollar is one fiftieth of its former value, like a soggy scrap of paper stuck in the dishwasher screen instead of the valuable container it used to be on.  The value has been looted slowly at the printing presses.

Comment 2.  An ounce of gold buys about 15 barrels of oil but it varies by up to a factor of 2.  Every few years the market has returned to this ratio.   See chart found at Seeking Alpha. 

Added:  300 years of US dollar purchasing power compared to gold.
Added:  Homes at record lows against gold.  Zerohedge chart.