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Gold bulls lose steam for now


MONEYWEB
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.
INSIDERGOLD
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