IAUM - Strong 2021 Demand For Physical Precious Metals Despite Paper Prices

• The gold market put in a modest rally on Wednesday to erase earlier losses. As of this Thursday, gold prices are little changed for the holiday-shortened week to come in at $1,814 an ounce - up about 0.5% since last Friday.
• White metals are outperforming. Silver shows a weekly advance of 2.3% to trade at $22.97 per ounce. Platinum is up 3.4% to check in at $977. Palladium is posting a gain of $150 or 8.3% this week to hit $1,965 per ounce.
• For now, investors in the stock and bond markets seem relatively unconcerned about threats to the economy or risks of higher inflation. But complacency is itself a sign of elevated risk in markets, as it means investors may be overexposed to financial assets that are being priced for favorable outcomes.

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