gold investment, silver investment

paul-rejczak

Gold Daily News: Monday, April 27

April 27, 2020, 8:46 AM Paul Rejczak

The gold futures lost 0.56% on Friday, as it retraced some of the recent rally. The market has bounced off its mid-April local high. On April 14 it was the highest since November of 2012 and the daily high was at $1,788.80. Since then we've seen some profit-taking action and a potential downward reversal. But gold began acting as a safe haven asset again. It rallied last week and got closer to the mentioned medium-term high.

Gold is down 0.6% this morning, as it retraces more of the recent advances. What about the other precious metals? Silver has lost 0.6% on Friday and today it unchanged. Platinum lost 1.80% on Friday and today it is down 0.5%. Palladium lost 0.8% on Friday and today it is gaining 1.6%. So precious metals extend their short-term consolidation on Monday.

The recent economic data releases have revealed more coronavirus damage to the economy. Today there will be no new important data releases. However in the coming days we will get series of news announcements including Wednesday's FOMC Rate Decision and Monetary Policy update. Please take a look at our today's Market News Report to find out about the coming economic data releases.

Thank you.

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

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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.

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