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Bonds Rise, Gold Tanks

Bonds Rise, Gold Tanks

APMEX

2/26/2021 9:14:58 AM

Gold has dropped well below the $1,800 per ounce mark as bond yields rise and investors push for interest-bearing assets. Gold and Silver are both bearing the brunt of the change, though PGMs are still up.

The U.S. stimulus proposal advanced by Joe Biden and the Democrats looks likely to pass Congress. The only change may be that the minimum wage hike Biden proposed may need to go through a separate approval process, as it is not eligible for the fast-track process used for the rest of the bill.

COVID-19 deaths are headed down in the U.S. and vaccine inventories are ahead of schedule. 130 million doses should be available by March.

Retail stock traders driven by Reddit and other social platforms are jumping back into stocks like GameStop and AMC.

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

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