gold investment, silver investment

paul-rejczak

Gold Daily News: Monday, March 23

March 23, 2020, 7:54 AM Paul Rejczak

The gold futures contract gained 0.36% on Friday, as it continued to fluctuate following the recent sell-off. Yellow metal fell the lowest since late November of 2019 on Monday a week ago. Since then it has been fluctuating along $1,450-1,550 range. Today gold is extending the short-term consolidation, as stock markets get closer to their local lows amid further corona virus pandemic fears.

Gold is 0.3% down this morning, as it remains within its Thursday's-Friday's trading range. What about the other precious metals? Silver gained 2.07% on Friday and today it is down 0.6%. Platinum 4.31% on Friday and on Monday morning it is up 0.5%. Palladium gained 0.71% on Friday and today it gains 3.5%. Overall, precious metals prices are going sideways this morning.

The financial markets continue to react to corona virus crisis news. The stock market has basically crashed along with precious metals prices a week ago. And the scheduled economic data releases have been much less important than the mentioned virus crisis developments recently. However, some of last week's releases have showed a sharp downturn. So it may be worth taking a look at our today's Market News Report to find out about this week's economic news 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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