How gold, silver, platinum performed during the week ending May 13, 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)

Gold

Gold jumped by 2% due to increased US inflation. The decade high inflation is pushing up the US yield also and this may put pressure on gold later.

Silver (Rs)

Silver

Being a more volatile bullion, silver ended the week up by 3%.

($/troy ounce)

Platinum

Platinum was down by 1% due to economic concerns of interest rates moving up. This could be seen as a result of decade high inflation.

WTI Crude ($/barrel)

WTI Crude

Crude prices also eased up by 1% due to the economic fears.

Source Link