Copper/Gold Ratio
Copper price divided by Gold price. Ascends during expansion, declines during recession. A leading economic indicator.
Market Impact
RISING / BULLISH
Revitalization of global manufacturing and infrastructure investment. Risk-on.
FALLING / BEARISH
Shift to defensive assets (Gold). Stagnation or rising geopolitical risk.
Context 2026
Structural copper shortages are evident due to the transition to a decarbonized/electrified society (AI Data Centers/EVs). More of an 'Energy Transition Progress Index' than a simple economic indicator now.
OmniMetric Relevance
Medium. Alternative indicator measuring the 'thermal energy' of the real economy.