Latest / The Commodities Economy with Fexingo: Oil, Gold, Wheat, and Raw Material Markets
How Copper Is Outperforming Gold in July 2026
Gold sits above $4,000 but copper is the real story. Lucas and Luna break down why industrial metals are diverging from precious metals in mid-2026. With copper futures at $6.13 per pound and gold at $4,074, the hosts examine what the 'Dr. Copper' indicator says about global growth expectations. They discuss the role of China's stimulus, the energy transition buildout, and why copper's recent resilience matters more than gold's safe-haven narrative. Specific data points include copper's 0.5% weekly gain versus gold's 1.3% rise, and the broader context of a…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.