Gold/S&P 500 Ratio Dips to Multi-Year Low
June 02, 2014 at 13:25 PM EDT
Lingering weakness in gold futures has brought the yellow metal’s ratio against the S&P 500 to the lowest levels in more than six year as bullion falls in unison with real Treasury yields. “Real treasury yields (i.e. adjusted for inflation) and the gold price are both falling. That is a break...