Gold falls 1%, COMEX copper rises over 1.3%

The precious metals complex is showing signs of fatigue after a sharp run, with gold pulling back from intraday highs despite a firm tone in Asia. The divergence is notable: copper's rise suggests industrial demand sentiment remains constructive, even as haven buying cools. For market watchers, the key question is whether gold's dip marks a consolidation phase or a shift in momentum, especially as silver's smaller decline hints at relative resilience. The proximity of copper to its recent high makes its next move a telling indicator for broader commodity appetite.