Finance

How gold, silver performed during the week ending November 26, 2020

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.

1. Gold (995) (Rs)

191

Donald Trump finally accepting defeat has removed the US election uncertainty and pulled down the demand for gold, bringing its price down by 3%.

2. Silver (Rs)

192

Since silver is an industrial commodity also, hopes for Covid vaccines and the resultant optimism on economic outlook helped it to report a lower loss of only 2%.

3. WTI Crude ($ /barrel)

193

Crude oil flared up by 9% last week and reached an eight month high, leaving it stable at close to $ 40 dollar/barrel range, on Covid vaccine optimism.

4. Wine (Rs)

194

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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