Understand how precious metals move together. Discover relationships, diversification opportunities, and market dynamics through data-driven correlation analysis.
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Correlation measures how two assets move in relation to each other. The correlation coefficient ranges from -1.0 to +1.0:
Perfect Positive Correlation
Assets move in exactly the same direction
No Correlation
Assets move independently
Perfect Negative Correlation
Assets move in opposite directions
Metals with low or negative correlation provide better portfolio diversification. If gold and copper have low correlation, holding both reduces overall risk.
High correlation between metals like platinum and palladium (both used in automotive catalysts) reveals shared market drivers and industrial demand patterns.
Understanding correlations helps predict how your portfolio might behave during market stress. Metals with high correlation will likely fall or rise together.
Typically show strong positive correlation (0.7-0.9) as both are monetary metals and safe-haven assets during economic uncertainty.
Often highly correlated due to shared industrial uses (automotive catalytic converters), though palladium can diverge during supply shocks.
Usually show lower correlation. Copper is industrial (economic growth indicator) while gold is monetary (safe haven), creating different demand drivers.
Explore detailed price charts, historical data, and market analysis for each metal.