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© 2026 The Markets Unplugged · Data in. Conviction out. - Published with Ghost & Aspect

The Copper/Gold Ratio at a Crossroads: Could 2025 Mark Another Macro Inflection Point?

  • Oz by Oz
    Oz Oz
    Co-founder and lead technical analyst at The Markets Unplugged. Leads technical, macro, and cycle analysis, and builds the timing and macro frameworks behind TMU's premium research. Instructor on the Cycle Intelligence course.
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  • April 24, 2025
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The Copper/Gold Ratio at a Crossroads: Could 2025 Mark Another Macro Inflection Point?
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In 2025, the Copper/Gold ratio is once again testing historical extremes. At approximately 0.00147, the ratio is hovering near multi-decade lows—a level that typically triggers alarm among market participants focused on recessionary risks. However, history suggests these lows can mark the end of contraction phases, not the beginning.


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Oz Oz
Co-founder and lead technical analyst at The Markets Unplugged. Leads technical, macro, and cycle analysis, and builds the timing and macro frameworks behind TMU's premium research. Instructor on the Cycle Intelligence course.
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The Markets Unplugged · Data in. Conviction out.
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