The Copper/Gold Ratio compares the price of copper to the price of gold and is used as an indicator of global economic sentiment. A rising ratio suggests economic optimism (favoring industrial copper), while a falling ratio indicates risk aversion (favoring safe-haven gold), often correlating with bond yields and economic growth expectations.
Example
“The copper/gold ratio fell sharply during the market selloff, signaling a shift toward risk aversion that aligned with the drop in Treasury yields.”