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Commodities Briefing - Categorized | Investment, Market Moves more

Gold/oil ratio: Which commodity will win?

Posted on 12 July 2013

Gold and oil are two of the world’s most heavily traded commodities and both are believed to be inflation bellwethers. Despite all the attention these commodities receive, not all investors are familiar with the gold/oil ratio, but recent fluctuations in the ratio may be saying it is time for investors to get acquainted with just how much oil an ounce of gold buys.
On July 5, an ounce of gold bought 11.75 barrels of oil, the fewest since November 2008 and just below the average of 12.47 barrels since 2000, reports Debarati Roy for Bloomberg………………………………………..Full Article: Source


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VRS - who has written 34721 posts on Opalesque Commodities Briefing.


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