gold investment, silver investment


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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Feb Market Overview

Gold Market Overview

Last month, we laid out our gold outlook for 2020. In the February edition of the Market Overview, we update our fundamental analysis to incorporate the latest data, in particular those about the US fiscal policy. As the bipartisan consensus is that deficits don't matter, the perspective for gold this year could be better than we previously thought. Second, we look beyond 2020 and sketch the fundamental trends that will likely shape the global economy and the gold market through the whole 2020s.

Moreover, we will analyze two important recent developments. The first one will be the 2019 repo crisis and the following Fed's intervention in this market. Second, the Riksbank has ended recently its experiment with negative interest rates. What does it all imply for the gold market? We invite you to read our Gold Market Overview and find out!

Read more in the latest Market Overview report.

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