How gold, silver and platinum performed during the week ending October 7, 2021
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.
By ET Bureau |
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Crude rally continued and took it to multi year highs because Opec refused to increase output more than it planned earlier.
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) After a brief rally, the US dollar started weakening and this helped gold to go up by more than 2% over the past week. Silver (Rs)
Being a more volatile bullion, silver reacted more to the dollar weakening and it jumped by more than 5%. Platinum ($/troy ounce) After the recent corrections, experts say platinum is trying to form a base and therefore, moved up on dollar weakening news. WTI Crude ($/barrel) Crude rally continued and took it to multi year highs because Opec refused to increase output more than it planned earlier.
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