Is Copper the New Gold? Record Highs See It Outpacing Bullion in 2026

Copper futures touched a fresh record of $6.95 a pound on September 22. The move revived talk that the industrial metal could start closing the gap with gold as a store of value.

The rally caps a year in which the two metals have moved in opposite directions.

Copper Outpaces Gold’s Flat Year

This year’s nearly 20% climb puts copper on track for one of its strongest years on record. Over the…