Shrugging off yesterday’s 1% drop in the gold price, which saw it near a one-month low of US$2,326 an ounce, Ord Minnett has just dropped a note on its revised coverage list within the commodities space. Short-term movements aside (gold futures have since rallied again), the research team describe an “improving commodity backdrop with both gold and copper prices increasing 19% and 15% YTD.” But Ord Minnett analysts emphasise these moves aren’t reflected proportionately in equity market investor sentiment, with copper-exposed stocks beating gold stocks by +29% during the period. “This speaks to investor appetite for ... (full story)