What the Gold-to-Oil Ratio Reveals About Market Trends

Gold and oil - two of the most influential commodities on the planet - have a fascinating relationship that has evolved over decades, captured in the gold-to-oil ratio. The gold-to-oil ratio represents the number of barrels of crude oil equivalent in price to one troy ounce of gold. It is viewed as an indicator of the health of the global economy, indicating when gold or oil prices are significantly out of balance with each other. This graphic, via Visual Capitalist's Niccolo Conte, shows the gold-to-oil ratio since 1946, using data compiled by...