Save Copper / Gold vs. 10-year US T-Note Yield
When the economy outlook turns brighter, investors shift from the bond market to the stock market. Bond yield rises. Demand for copper grows as well. Demand for hedging decline. Gold price falls consequently. Ratio of copper price to gold price rises. Copper / gold and 10Y USTY are highly correlated.
This graph shows copper / gold multiplied by 100
Copper / Gold Price (L)2021-05-180.25
US 10-year T-Note Yield (R)2021-05-171.65 %