The copper-to-gold ratio has climbed above its 200-day moving average for the first time since September 2020. This development has historically coincided with the early stages of bitcoin bull markets.
The ratio now stands at 0.00142, with copper trading at $6.65 per pound and gold near $4,700 per ounce. It has risen 25 percent from recent lows and is viewed as a gauge of economic momentum and investor risk appetite. Copper tends to outperform during expansion periods while gold serves as a defensive asset.
