Precious metals decline amid recovery optimism

Thursday, 16. September 2021 09:22

Precious metals traded mostly in the red on Thursday as the investors seemingly shifted away from the safe-haven assets amid growing optimism regarding the economic recovery from the COVID-19 crisis.

The Chinese media stated that the country has crossed the one-billion-people threshold when it comes to those fully vaccinated against the virus, while European Central Bank's (ECB) Executive Board member Isabel Schnabel previously noted that the Delta variant might not pose as substantial of a market risk as was originally thought.

Gold surrendered 0.45% to go for $1,785.21 per ounce at 3:20 am ET, while silver declined by 0.89% to $23.63 at the same time. Platinum slid 0.47% to $944.92 an ounce at 3:21 am ET, while palladium jumped 1.19% to $2,034 per ounce.

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Author:
Breaking the News / BU