Copper versus gold (6 months) today: value, history and context

Data as of Oct 27, 2026

+24.2 % Good

Higher than on 90% of the days of the last 10 years.

Change over 1 week: +1.4 pp. Over 1 month: −1.6 pp.

Last month

Date	Value	Colour
Oct 27, 2026	+24.2 %	Good
Oct 26, 2026	+23.6 %	Good
Oct 23, 2026	+24.3 %	Good
Oct 22, 2026	+20.8 %	Good
Oct 21, 2026	+20.5 %	Good
Oct 20, 2026	+22.8 %	Good
Oct 19, 2026	+23.6 %	Good
Oct 16, 2026	+22.6 %	Good
Oct 15, 2026	+21.6 %	Good
Oct 14, 2026	+24.2 %	Good
Oct 13, 2026	+25.0 %	Good
Oct 12, 2026	+25.2 %	Good
Oct 9, 2026	+26.0 %	Good
Oct 8, 2026	+27.8 %	Good
Oct 7, 2026	+28.6 %	Good
Oct 6, 2026	+29.4 %	Good
Oct 5, 2026	+28.5 %	Good
Oct 2, 2026	+27.2 %	Good
Oct 1, 2026	+27.8 %	Good
Sep 30, 2026	+26.5 %	Good
Sep 29, 2026	+25.8 %	Good
Sep 28, 2026	+25.8 %	Good

Over the last 10 years

High: +48.6 % (Apr 27, 2021).
Low: −41.7 % (Jan 28, 2026).
A year ago: −12.2 %.

What it is

Copper is used by industry and gold is a safe haven. Copper beating gold means markets favour growth; losing, safety. Six-month change of the copper/gold price ratio (COMEX continuous futures). Part of the theme "Backdrop for stocks": How macro conditions bear on stock investors: whether bonds hedge, what the market expects from the Fed, appetite for growth and bank credit.

How to read it

Higher is better. The colour compares today’s value with the indicator’s own last 10 years: "Good" is the most favourable third of its history, "Poor" the most strained. It describes the present and anticipates nothing.

Frequently asked questions

What is Copper versus gold (6 months)?

Copper is used by industry and gold is a safe haven. Copper beating gold means markets favour growth; losing, safety. Six-month change of the copper/gold price ratio (COMEX continuous futures).

What does a high value mean?

The higher, the healthier for the market. The colour compares it with its last 10 years: its high and low over that period are shown above.

Does it predict the stock market?

No. It describes where things stand today against their history, with no forecasts or recommendations.

See the detail on Stock Signal Lab →