Mike McGlone
Mike McGlone|Jul 09, 2025 11:47
Gold/Crude on Pace for Record-Setting 2025 - It may take a crude-oil supply shock or severe exodus from gold for the gold/crude ratio to avoid a record year-end. At about 50 on July 8, the barrels of the fossil fuel equal to ounces of the metal far exceed the prior year-end record of 39.3 in 1993, which was roughly matched at 39.1 in 2020. Full report on the Bloomberg here: https://blinks.bloomberg.com/news/stories/sz4mqldwrgg1 {BI COMD} #crudeoil #gold #stockmarket @BBGIntelligence
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