Gold Bulls Lose Steam for Now as Yields Trump Inflation Bet yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.
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app instead?
As yields trump inflation bet.
By Eddie Spence, Swansy Afonso, Yvonne Yue Li and Ranjeetha Pakiam, Bloomberg
5 Mar 2021 10:56
Image: Bloomberg
Gold has in little over two months gone from being a favoured reflation bet to heading for its worst first quarter in almost four decades.
The change of fortune comes as higher yields dent the appeal of bullion, which offers no interest. At the same time, optimism that the rollout of Covid-19 vaccines will drive a global recovery has pushed investors to switch from the traditional haven to other assets.
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Supporters Protest as Huntington Beach Council Mulls Removing Tito Ortiz’s Title
HUNTINGTON BEACH, Calif. Supporters of Mayor Pro Tem Tito Ortiz gathered at the city’s civic center Feb. 1 as council prepared to discuss stripping him of his title.
Councilmembers were set to respond to a motion of no confidence authored by Mayor Kim Carr and councilmembers Dan Kalmick and Michael Posey which, if passed, would result in Ortiz’s removal from the mayor pro tem role.
Not everyone was on board with the move.
Casey McKeon, a city council candidate during the most recent election, told The Epoch Times that council has focused on Ortiz’s mistakes to the neglect of his achievements.
Four More Williams Lake Schools With A Test Positive COVID-19 Community Member
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Four more schools within School District 27 have had a school community member test positive for COVID-19.
Superintendent Chris Van Der Mark said yesterday they announced the exposures at Nesika Elementary, Marie Sharpe Elementary Nature Kindergarten, Lake City Secondary-Columneetza Campus, and Mountview Elementary.
“Some of those sites have classes that are isolated as has happened in previous cases and that all instructions will be followed according to what is required in those isolations and whatever else is required from Interior Health.”
Van Der Mark said “I’m very appreciative of the work that Interior Health and our staff and teams are doing. We’re often getting calls or notices or emails on the weekend which then I’m following up with my administration at schools and they have to follow up with their staff. People are working hard to make sure that all the information i