Pursuits
Silver Purchases Spur Drop in Gold-Silver Ratio
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The ratio of gold to silver dropped to a three-week low after gold’s rally to the highest level in eight weeks prompted some investors to buy the white metal.
An ounce of gold bought as little as 64.96 ounces of silver today, the lowest amount since Aug. 5, according to Bloomberg calculations. Silver has outperformed the yellow metal since Aug. 23, gaining 6 percent compared with gold’s 1.4 percent gain, as investors bought the white metal because of its relative cheapness to gold.