Copper vs Gold: which is stronger each month?
Copper has been strongest in February (+2.93%) and weakest in August (-0.98%). Gold has been strongest in January (+2.95%) and weakest in June (-0.87%). Copper had the higher average in 6 of 12 months, and the two pointed the same way in 9 of 12.
Month by month
| Month | Copper average | Copper up years | Gold average | Gold up years | Stronger |
|---|---|---|---|---|---|
| January | +1.90% | 65% | +2.95% | 65% | Gold |
| February | +2.93% | 65% | +1.23% | 58% | Copper |
| March | +1.41% | 54% | +0.21% | 46% | Copper |
| April | +2.10% | 54% | +1.28% | 62% | Copper |
| May | -0.10% | 58% | +0.27% | 50% | Gold |
| June | -0.57% | 54% | -0.87% | 42% | Copper |
| July | +1.57% | 62% | +0.93% | 58% | Copper |
| August | -0.98% | 42% | +2.50% | 73% | Gold |
| September | +0.24% | 56% | +0.43% | 48% | Gold |
| October | -0.21% | 46% | +0.13% | 50% | Gold |
| November | +1.60% | 54% | +1.33% | 58% | Copper |
| December | +1.02% | 62% | +1.45% | 65% | Gold |
Copper since 2000, Gold since 2000, monthly close to close, as of October 16, 2026. The highlighted row is the current month. Monthly correlation over the last 16 years: 0.33.
More on each market
Questions
What is the best month for Copper?
Since 2001, February has averaged +2.93% for Copper, higher in 65% of 26 years.
What is the best month for Gold?
Since 2001, January has averaged +2.95% for Gold, higher in 65% of 26 years.
Do Copper and Gold move together?
Over the last 16 years their monthly moves had a correlation of 0.33, where 1 means they always move together and 0 means no link.
History describes the past. Not investment advice.
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Not investment advice. Market Seasonality publishes historical statistics, news summaries and scenario analysis for information and education. Past patterns do not guarantee future results. Nothing here is a recommendation to buy, sell or hold any asset, and scenarios describe possible paths without predicting them. See the disclaimer and methodology.