Chart: Gold/WTI Ratio
The Gold/WTI Ratio
The Gold/WTI Ratio expresses the price relationship between gold and WTI crude oil. The chart shows the quantity of barrels of WTI Crude Oil in US dollars (USD) needed to purchase one ounce of gold in US dollars since 1984. A high ratio indicates that gold is relatively expensive in terms of WTI Crude Oil and vice versa.
Analysis of the Gold/WTI Ratio
The Gold/WTI Ratio has historically traded within the range of 6 to 40 with the two exceptions being 2016 and 2020. In both of these years the ratio exceeded 40 with 2020 being the extreme. For the period 2000-2008, the price of oil was relatively high in relation to the price of gold, as reflected by the fact that the ratio reached almost 6, but never rose above 16.
Relevant products with gold or BTC allocation
Source: Federal Reserve St. Louis, Incrementum AG
- Gold in USD
- Silver in USD
- Gold/Silver Ratio
- Gold/HUI Ratio
- Dow Jones/Gold Ratio
- Gold/WTI Ratio
- S&P GSCI Total Return Index/S&P 500 Ratio
- US M2/Gold Ratio
- US Total Public Debt & Gold
- Gold & Real Federal Funds
- Aggregated Central Bank Balance Sheets & Gold
- Market Capitalization of Gold & Bitcoin
- Annual Performance of Gold and Silver
