How gold, silver and platinum performed during week ending April 7, 2022

How gold, silver and platinum performed during week ending April 7, 2022
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Synopsis

Here is the weekly tracker of returns from gold, silver and platinum. Last week, gold gave up its gains due to US Fed hawkish stands. Being more volatile than gold, silver also fell down.

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Crude oil correction accelerated and fell below $100 mark.
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 gave up early gains and ended flat because the minutes of the US Federal Reserve revealed its hawkish stand.

Silver (Rs)
Being a more volatile bullion, silver fell more and ended the week down by 1%.

Platinum ($/troy ounce)
Concerns about Europe auto demand pulled down platinum by another 4%, and took it close to a 52-week low.

WTI Crude ($/barrel)
Crude oil correction accelerated and fell below the $100 mark due to a two-month-long ceasefire at the Saudi-Yemeni border.

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