Precious metals trade higher, platinum up over 3%

Tuesday, 12. January 2021 14:03

Precious metals traded higher on Tuesday following two consecutive sessions of losses amid rising Treasury yields. Platinum was the strongest performing metal, surging over 3% following sharp losses suffered on Friday.

Shares on Wall Street were higher during the premarket session, while Treasury yields rose in anticipation of more fiscal stimulus.

Gold rose 0.79% to $1,859.79 per ounce at 7:50 am ET, while silver jumped 1.85% to $25.43 at the same time. At the same time, platinum climbed 3.02% to $1,068.12 an ounce. Palladium was up 0.54% to $2,389.22 per ounce at the time.

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