SP500-GOLD-RATIO — Daily CSV Download (S&P 500 / Gold Ratio)
The S&P 500 / Gold ratio is one of the oldest measures of equity valuation relative to real assets. When equities outperform gold, the ratio rises — reflecting confidence in earnings growth and financial assets. When gold outperforms, the ratio falls — signaling distrust in fiat-denominated returns. The ratio peaked in 2000, collapsed through 2011, and has been rising unevenly since. No single CSV hub provides this data — until now.
Dataset: S&P 500 / Gold Price Ratio (1960–2026) · Updated 2026-03-01
Macro Takeaway
This indicator is a key component of the macro-financial monitoring framework. Its current level relative to its historical distribution — captured in the percentile and z-score above — provides immediate context for whether conditions are historically normal, stretched, or compressed.
Cross-referencing with the S&P 500 and the gold price helps situate this indicator within the broader macro regime.
Dataset Overview
| Indicator | S&P 500 / Gold Price Ratio (1960–2026) |
|---|---|
| Geography | United States / Global |
| Frequency | Monthly |
| Period | 1960–2026 |
| Variables | date, sp500_level, gold_price, sp500_gold_ratio |
| Format | CSV, Excel (XLSX) |
| Sources | FRED SP500 + World Bank Pink Sheet (Gold) |
| Last updated | — |
Dataset Variables
The CSV and Excel files contain the following columns.
| Column | Type | Description |
|---|---|---|
date | Date (YYYY-MM-DD) | Observation date |
sp500_level | Float | S&P 500 index level |
gold_price | Float | Gold price (USD/oz) |
sp500_gold_ratio | Float | S&P 500 / Gold ratio |
Column names match the CSV headers exactly.
Download the Complete Dataset
The full dataset is available in CSV and Excel formats.
Direct CSV Access — Eco3min Structured Dataset
https://eco3min.fr/dataset/sp500-gold-ratio.csv
This URL returns the complete dataset in CSV format. It can be used directly in pandas, R, curl, or any data tool.
Using the Dataset in Python
import pandas as pd url = "https://eco3min.fr/dataset/sp500-gold-ratio.csv" df = pd.read_csv(url, parse_dates=["date"]) print(df.head()) print(df.describe())
Using the Dataset in R
library(readr) url <- "https://eco3min.fr/dataset/sp500-gold-ratio.csv" df <- read_csv(url) head(df) summary(df)
Both examples load the dataset directly from the URL — no download or API key required.
Methodology
S&P 500 index level divided by World Bank monthly gold price. Both resampled to monthly.
This dataset is updated automatically via the Eco3min data pipeline.
Historical Regimes
Historical regime analysis for this dataset will be added in a future update. The key stats block above provides immediate context for the current reading relative to the full historical distribution.
Related Macroeconomic Datasets
- S&P 500 Price Index — The numerator
- Gold Price History — The denominator
- S&P 500 / M2 Ratio — Alternative real return measure
Macroeconomic Dataset Hub
This dataset is part of the Eco3min macro-financial data repository.
Explore the Eco3min Dataset Hub
Sources
- FRED SP500 + World Bank Pink Sheet (Gold)
Dataset Reference
Last updated — 18 April 2026
This article provides economic and financial analysis for informational purposes only. It does not constitute investment advice or a personalized recommendation. Any investment decision remains the sole responsibility of the reader.