gold investment, silver investment


Gold Daily News: Friday, February 14

February 14, 2020, 7:32 AM Paul Rejczak

The gold futures contract gained 0.46% on Thursday, as the yellow metal retraced its Wednesday's-Thursday's decline. The market is extending a month-long consolidation following January 8 run-up to new medium-term high of $1,613.30. It got back to the Tuesday's local high, bu it is still below February 3 high of $1,598.50.

The recent China virus fears and news about virus case count revision didn't scare risk-on assets' investors, but gold remained close to short-term local highs. It is currently unchanged. The market trades along its Thursday's daily high. What about the other precious metals? Silver gained 0.70% on Thursday, as it retraced some of the recent decline. It is trading 0.4% higher this morning. Platinum gained 0.77%, and today it is 0.5% higher. Palladium gained 1.23% yesterday, as it got closer to the record highs again. This morning it is gaining additional 0.7%.

The financial markets will be waiting for the U.S. Retail Sales number release at 8:30 a.m. It will be one of the most important economic data announcements this week. And we highlighted it in our Monday's Market News Report. There will also be the Industrial Production along with Capacity Utilization Rate release at 9:15 a.m., and the Preliminary Michigan Consumer Sentiment number at 10:00 a.m.

Thank you.

Paul Rejczak
Stock Trading Strategist
Sunshine Profits - Effective Investments through Diligence and Care

Did you enjoy the article? Share it with the others!

Apr Market Overview

Gold Market Overview

There has never been such a crisis. In matter of days, economies all over the world froze up. The stock markets plunged and the Wall Street experienced its largest single-day percentage drop since Black Monday in 1987. In response, the central banks shoots monetary bazookas while the governments are announcing mammoth stimulus packages.

If you feel lost, if you do not know what to think about the epidemic and its impact on the global economy and the gold market, or if you feel that the world has gone mad, you should definitely read this edition of the Market Overview.

As always, we focus on the gold market, so we analyze thoroughly how the epidemic, global recession and the resulting monetary policy and fiscal policy response will affect the price of the yellow metal.

Read more in the latest Market Overview report.

menu subelement hover background