📈 Gold-to-S&P 500 Ratio Soars to Post-Pandemic Peak Amid Tariff-Driven Stock Decline

On April 16, 2025, the gold-to-S&P 500 ratio reached its highest level since the pandemic, driven by a 14.5% surge following Trump’s April 2, 2025, announcement of reciprocal tariffs on trading partners. Year-to-date, the ratio has climbed 42.0%, fueled by a 27.4% rise in gold prices and a 10.3% drop in the S&P 500, signaling a shift to safe-haven assets amid market uncertainty.