Gold Vs. Copper: Who’s Driving The 2025 Rally?
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Gold has had a solid start to 2025, climbing 14% as investors flock to its safe-haven appeal amid geopolitical tensions and tariff uncertainties.
But it’s copper that’s truly stealing the show, surging 23.5% year-to-date.
This rally is fuelled by robust industrial demand, particularly from the energy transition and AI-driven infrastructure boom.
The VanEck Gold Miners ETF (GDX) has outperformed both metals, skyrocketing 31.4%, as miners benefit from rising gold prices and operational efficiencies.
Mining giants like Rio Tinto and Freeport-McMoRan are also seeing steady gains, driven by strong commodity prices and production growth.
For short-term traders, copper’s momentum and GDX’s leveraged exposure to gold present compelling opportunities.
However, keep an eye on macroeconomic indicators and tariff developments, as these could sway the balance between industrial demand and safe-haven flows.
Will copper’s rally continue, or is gold poised for a comeback? 🤔📈