As stock markets rally, metals are selling off.
Gold is down 1.3 per cent, silver is off 1.4 per cent, platinum is down 1.3 per cent, and copper is down 0.5 per cent. Palladium is however up 0.40 per cent.
But gold prices are down today as investors are concerned about the precious metals outlook in the long-term and after ETF holdings saw outflows, according to Reuters.
Here’s a look at today’s gold sell-off:
Photo: Fin Viz