gold investment: How gold, silver performed during the week ending January 28, 2021

The scope and attractiveness of alternative investments is increasing. Here’s a weekly tracker of returns from such investments. But don’t compare these with returns from traditional investments since the proportion and purpose of alternative investments is vastly different.

Gold (995) (Rs)

Despite admitting moderation in the economy, the last US Fed meeting did not spell out about further monetary easing and this resulted in the strengthening of dollar and weakening of gold.

Gold

Silver (Rs)

Being a more volatile bullion, negative reaction due to dollar strengthening was a bit more in silver.

Silver

Platinum ($/troy ounce)

Crash was bigger in platinum because an economic slowdown will result in lower demand from the automobile sector.

Platinum

WTI Crude ($/barrel)

Despite the slowdown fears, crude fell only a bit because of the increased drawdown from petroleum reserves.

WTI Crude



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