Commodity ratio · live
Gold to Heating Oil Futures Ratio
The gold to heating oil futures ratio is 1059 — Gold at $4,649.35 per Troy Ounce divided by Heating Oil Futures at $4.39 per Gallan.
Prices as of Aug 24, 2026, 11:34 AM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Gold to Heating Oil Futures ratio
1.000 T.oz of gold = 1,059.1 Gal of heating oil futures
Inverse (HO-FUT/XAU): 0.0009442 — one Gallan of heating oil futures buys that much gold.
Below its 1 year average. (14th percentile of the last 1 year)
Gold
$4,649.35
per Troy Ounce
Heating Oil Futures
$4.39
per Gallan
Unit basis: USD per Troy Ounce ÷ USD per Gallan. The ratio reads as Gallans of heating oil futures per Troy Ounce of gold. Prices as of Mon, 24 Aug 2026 11:34:07 GMT.
1Y average
1489
median 1369
1Y low
920.6
Jul 23, 2026
1Y high
2230
Dec 30, 2025
Normal band
1108–1871
mean ± 1 std dev
Deviation from mean
-1.13σ
328 observations
Gold to Heating Oil Futures ratio charts
Pick a range once — it applies to the XAU/HO-FUT ratio line, the OHLC candles and the Gold / Heating Oil Futures price chart below.
XAU/HO-FUT ratio line
How many Gal of Heating Oil Futures one T.oz of Gold buys, over 1Y.
XAU/HO-FUT ratio candles
Open, high, low and close of the XAU/HO-FUT ratio for each period in the last 1Y.
Gold and Heating Oil Futures prices
Both legs of the ratio on their own axes, so you can see which one moved over 1Y.
How to calculate the gold to heating oil futures ratio
Gold to Heating Oil Futures ratio = Gold price per Troy Ounce ÷ Heating Oil Futures price per Gallan
The two legs use different units, so the result is a rate — Gallans of heating oil futures per Troy Ounce of gold — rather than a plain count.
Worked example, live prices: $4,649.35 ÷ $4.39 = 1059. The inverse is 0.0009442.
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 gold to heating oil futures ratio today?
The gold to heating oil futures ratio is 1059 — Gold at $4,649.35 per Troy Ounce divided by Heating Oil Futures at $4.39 per Gallan, from live mid-market prices.
How do you calculate the gold to heating oil futures ratio?
Divide the gold price per Troy Ounce by the heating oil futures price per Gallan. If the two units differ, the result is a rate rather than a plain count — read it as Gallans of heating oil futures per Troy Ounce of gold.
What is the inverse of the gold to heating oil futures ratio?
The inverse, heating oil futures to gold, is 0.0009442 — how many Troy Ounces of gold one Gallan of heating oil futures buys.