AI Boom Disrupts Gold-Platinum Ratio as Stock-Market Signal

The artificial-intelligence spending surge is upending a time-tested stock-market indicator: the gold-to-platinum ratio. Historically, this ratio has served as a reliable gauge of economic health, with platinum's industrial demand making it sensitive to growth expectations. But as AI investments soar, the signal appears to be short-circuiting, leaving investors without a trusted compass. The Federal Reserve faces a pivotal decision today that could further complicate the picture. With tech giants pouring billions into AI infrastructure, traditional market relationships are being tested like never before. The breakdown of this ratio underscores how unprecedented capital flows into technology are reshaping financial markets. Investors may need to recalibrate their tools for a new era.