SWOT Analysis: Palladium Was Top Performing Precious Metal in 2020

Gold had a strong finish to the year, recording its biggest annual advance since 2010 as the dollar weakened, reports Bloomberg, even amid optimism on the trade front along with signs of stabilization in China’s economy. In a statement from the London Bullion Market Association, the amount of gold held in London vaults rose 2.5 percent from a month earlier to 8,228 tons in September. That’s the highest in data going back to July 2016. In related news, Hong Kong’s purchases of gold coins from China surged last month as demand for haven assets soared amid the ongoing social unrest.