Paths of Gold and Copper Showing Recession-Era Fear Level: Chart
Gold as a Reliable Barometer of Investment Risk
This article is for subscribers only.
A haven in times of turmoil, gold jumped to the most expensive relative to copper since 2009 this week. Mounting concerns over global growth are driving the ratio, said David Meger, director of metals trading at High Ridge Futures in Chicago. The price of copper -- often considered an economic bellwether -- has slumped as worries over the Brexit vote and the outlook for low interest rates fuel demand for bullion as a store of value.