Precious Metals In 2021 — All That Glitters Is Not Gold

If you woke up today asking yourself, “I wonder what the outlook is for Rhodium in 2021?” Today’s your lucky day! We’re taking a look at the top 5 precious metals to trade this year. After that, we’ll fill you in on all the trading events coming up this week.

Top 5 precious metals to trade in 2021

1. Gold

Gold is one of the most precious materials on Earth. Its finite nature and wide-ranging industrial use-cases make it a highly sought after commodity and a mainstay of many a trader’s portfolio. Until 2021 that is.

2. Silver

Last week was a relatively good one for Silver traders as prices rebounded from the lows at the end of March. The action followed the news that the FED confirmed its commitment to zero rates. But could there be another ace up silver’s sleeve?

3. Palladium

Biden’s Green Energy push also has potentially massive implications for the price of palladium. The chemical’s composition makes it an essential metal for cleaning toxins from the environment and yep, you guessed it, palladium is mostly used in the automotive, industrial, and electric power sectors!

4. Platinum

Platinum is also an auto catalyst and, as such, both its 2021 performance and positive outlook mirror that of palladium’s. Platinum also has a bonus in that it is almost as effective at its job as palladium, at more than half the price!

5. Rhodium

Another potentially massive beneficiary of POTUS’ latest bill, rhodium is on the march. This incredibly rare material (which also has the same use-cases as platinum and palladium) is a teeny-tiny market in comparison to its chums on this list, with around 85% of it coming from South Africa alone.

What’s on the trading agenda this week?

A busy week lies ahead. Here are all of the events you need to watch out for:

Monday 12th April

● CNY — New Yuan Loans (MAR)

Tuesday 13th April

● GBP — GDP 3-Month Avg (FEB) + GDP YoY (FEB)

Wednesday 14th April

● AUD — Westpac Consumer Confidence Index (APR)

Thursday 15th April

● AUD — Employment Change (MAR) + Unemployment Rate (MAR)

Friday 16th April

● CNY — GDP Growth Rate YoY (Q1)

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