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Platinum Eases After Jumping to Six-Year High on Tight Supply


Gold Extends Slump With Dollar, Yields Gaining; Platinum Slips
Bloomberg
2/16/2021
Yvonne Yue Li and Eddie Spence
(Bloomberg) Gold headed for a fourth straight decline as the dollar rebounded and Treasury yields advanced to the highest in almost a year amid bets for a swift economic recovery.
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Rates on 10-year yields, a benchmark for global borrowing, eclipsed their peak from the March market pandemonium as increasing energy costs and the outlook for U.S. government spending bolstered reflation trades. Rising yields erode gold’s appeal, as the metal bears no interest. Equities also rallied, while a stronger dollar made greenback-denominated bullion less attractive for investors holding other currencies. ....

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