"Dr. Copper" Sounds The Alarm Again! Copper-to-gold Ratio Hits New Low In Over Two Years

“The Copper-to-gold ratio has long been regarded as an important barometer of investor sentiment and can reflect changes in macroeconomic activity.

The ratio was recently at its lowest level since early 2021, suggesting a recession may be imminent.
Historically, the "copper-to-gold ratio" has been a leading indicator of nominal interest rates and future economic growth, and some institutions also regard it as one of the leading indicators of 10-year Treasury bond yields.

 Prices of copper contracts for delivery two days later traded at a $66/mt discount to those for delivery in three months, LME data showed on Monday, the widest spread since 2006.

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