Final Week of 2020 Caps Strong Year for Precious Metals
APMEX
12/31/2020 8:41:02 AM
Last Week of 2020 Ends a Strong Year for Precious Metals
Precious Metals have had a very strong year. Gold is up 24 percent year over year, Silver over 48 percent, Platinum 10 percent and Palladium 22 percent. Gold has ticked up on Thursday as the dollar weakens.
Stocks around the world are up this week as investors rebalance portfolios headed into the new year. Many seem to believe in riskier assets for 2021.
China and Europe have begun working closer together. Chinese markets are up on news of an E.U./China trade deal.
Britain ratified the Brexit deal shepherded by Boris Johnson. Against a backdrop of a new, more infectious coronavirus strain, the island nation approved the Oxford-AstraZeneca vaccine for use within its borders.
The new coronavirus strain made landfall in the U.S. this week, with cases confirmed in California and Colorado. $600 stimulus checks have begun rolling out, but wrangling between President Trump, Senate Republicans and House Democrats continues over proposed $2,000 payments.
APMEX Market Reports provide our readers with a review of spot price activity and some of the factors that may be affecting the market for Precious Metals. While the information is obtained from sources we believe to be reliable, we do not guarantee its accuracy or its completeness and we encourage you to conduct your own investigation prior to making any decision based on the information. The Market Reports are not intended as a comprehensive discussion and there may be other factors affecting the financial marketplace. These Market Reports are provided for informational purposes only and do not constitute a recommendation by APMEX to hold, purchase or sell any Precious Metal product. All orders, purchases and sales, if any, are subject to the terms of the User Agreement and other applicable policies
