Precious Metals Lose Ground Due to Risk Appetite – 12 November 2020

The last couple of weeks have not been the best for precious metals enthusiasts, as volatility dominated the markets.So far, gold futures have given up last week’s gains, going down by 4.50 percent. Last week, gold attempted to recover, adding 3.82 percent, mainly aided by the fall of the US dollar which fell by 1.92 percent against a bundle of its main competitors. So far this week, the dollar has been recovering from last week’s losses, as the US Dollar Index climbed by 0.78 percent. Silver futures have also lost ground this week, going down by 5.03 percent and giving up some of last week’s …

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