Today gold is behaving in a more traditional fashion, moving in the opposite direction from copper. With copper viewed as a "risk" asset and gold a "defensive" asset, the two should generally trade with a negative correlation.
|Gold and copper futures (Source: Bloomberg)|
This is quite a contrast to the recent price action, with gold trading more like an industrial metal, driving gold-to-copper correlation to its highs.
|120 day gold - copper correlation|