How gold, silver performed during the week ending September 24, 2020
Here is a weekly tracker of returns from gold and silver. During the week, gold fell due to the strengthening of the US dollar. Further, as silver is more volatile than gold, silver fell drastically during the week.
By ET Bureau | Updated:
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You can also make money by investing in wine and the Liv-ex Fine Wine 50 Index from Bloomberg.
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.
Strengthening of the US dollar is a natural occurrence in any crisis and this time it also brought down gold by 3.28% during the week. Silver (Rs) Being a highly volatile commodity, silver fell drastically during the week (13.41%) because of the US dollar strengthening. WTI Crude ($/barrel) Oil demand outlook is grim due to concerns of Covid-19 second wave and the resultant lockdowns, especially in Europe. Wine (Rs) You can also make money by investing in wine and the Liv-ex Fine Wine 50 Index from Bloomberg. It tracks daily price movement of the most heavily traded commodities in the wine market.
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