The copper-to-gold ratio, a key indicator of global economic sentiment, has fallen to 0.0015, the lowest level seen since the depths of the 2020 pandemic in March of that year. This sharp decline signifies a loss of confidence in the economic recovery, with investors fearing a global growth slowdown. The ratio tracks how many pounds of copper can be exchanged for one ounce of gold, reflecting the balance between industrial activity (copper) and safe-haven demand (gold) in the market. A drop in this ratio indicates a "risk-off" sentiment as gold outperforms copper, typically signaling economic uncertainty and potential slowdowns. This trend is concerning as it often precedes or coincides with major economic downturns.