Commodity ratio · live
Heating Oil Futures to Gold Ratio
The heating oil futures to gold ratio is 0.0009442 — Heating Oil Futures at $4.39 per Gallan divided by Gold at $4,649.35 per Troy Ounce.
Prices as of Aug 24, 2026, 11:34 AM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Heating Oil Futures to Gold ratio
1.000 Gal of heating oil futures = 0.0009442 T.oz of gold
Inverse (XAU/HO-FUT): 1059 — one Troy Ounce of gold buys that much heating oil futures.
Above its 1 year average. (86th percentile of the last 1 year)
Heating Oil Futures
$4.39
per Gallan
Gold
$4,649.35
per Troy Ounce
Unit basis: USD per Gallan ÷ USD per Troy Ounce. The ratio reads as Troy Ounces of gold per Gallan of heating oil futures. Prices as of Mon, 24 Aug 2026 11:34:07 GMT.
1Y average
0.0007168
median 0.0007303
1Y low
0.0004484
Dec 30, 2025
1Y high
0.001086
Jul 23, 2026
Normal band
0.0005359–0.0008977
mean ± 1 std dev
Deviation from mean
+1.26σ
328 observations
Heating Oil Futures to Gold ratio charts
Pick a range once — it applies to the HO-FUT/XAU ratio line, the OHLC candles and the Heating Oil Futures / Gold price chart below.
HO-FUT/XAU ratio line
How many T.oz of Gold one Gal of Heating Oil Futures buys, over 1Y.
HO-FUT/XAU ratio candles
Open, high, low and close of the HO-FUT/XAU ratio for each period in the last 1Y.
Heating Oil Futures and Gold prices
Both legs of the ratio on their own axes, so you can see which one moved over 1Y.
How to calculate the heating oil futures to gold ratio
Heating Oil Futures to Gold ratio = Heating Oil Futures price per Gallan ÷ Gold price per Troy Ounce
The two legs use different units, so the result is a rate — Troy Ounces of gold per Gallan of heating oil futures — rather than a plain count.
Worked example, live prices: $4.39 ÷ $4,649.35 = 0.0009442. The inverse is 1059.
The flagship commodity ratios
Each of these has its own dedicated page with live pricing, a full year of history and range statistics.
Live prices behind the ratio
| # | Symbol | Name | Rate (USD) |
|---|---|---|---|
| 1 | XAU | Gold | 4640.70 |
| 2 | XAG | Silver | 68.90 |
| 3 | WTIOIL-FUT | Crude Oil WTI Futures | 85.69 |
| 4 | BRENTOIL-FUT | Crude Oil Brent Futures | 92.88 |
| 5 | NG-FUT | Natural Gas Futures | 2.78 |
| 6 | PL | Platinum | 1883.84 |
| 7 | PA | Palladium | 1350.90 |
Frequently asked questions
What is the heating oil futures to gold ratio today?
The heating oil futures to gold ratio is 0.0009442 — Heating Oil Futures at $4.39 per Gallan divided by Gold at $4,649.35 per Troy Ounce, from live mid-market prices.
How do you calculate the heating oil futures to gold ratio?
Divide the heating oil futures price per Gallan by the gold price per Troy Ounce. If the two units differ, the result is a rate rather than a plain count — read it as Troy Ounces of gold per Gallan of heating oil futures.
What is the inverse of the heating oil futures to gold ratio?
The inverse, gold to heating oil futures, is 1059 — how many Gallans of heating oil futures one Troy Ounce of gold buys.