RE: Gold price to oil price ratio historical relationship11 Aug 2019 11:12
In Summary ....either current gold price is too high or oil price is too low ,and I think it is more likely the latter is true if we accept the mean Gold/Oil price ratio of around 16.
“Recent performance illustrates that commodity ratios always normalize in due course; we have seen that over the past few months with gold and oil. At 17.3 - 17.6 from June to August, the gold-oil ratio is now within its most common 48-year historical range and is not far off the mean of 15.9 and median value of 14.7.”