gold investment, silver investment

paul-rejczak

Gold Daily News: Thursday, February 13

February 13, 2020, 7:59 AM Paul Rejczak

The gold futures contract gained 0.1% on Wednesday, as it continued to fluctuate along Tuesday's trading range. Investors reacted to the Fed' Jerome Powell's Testimony again. The market is extending a month-long consolidation following January 8 run-up to new medium-term high of $1,613.30.

The gold is 0.5% higher this morning, as China virus fears re-appear again following some negative overnight news about virus case count revision. The market is above its Tuesday's-Wednesday's daily highs. What about the other precious metals? Silver lost 0.57% on Wednesday, as it extended its short-term downtrend. But it is currently 0.9% higher. Platinum lost 0.64%, and right now it is 0.4% higher. Palladium gained 2.51% yesterday, as it retraced its recent decline. This morning it is down 0.5%.

The financial markets will be waiting for the U.S. Consumer Price Index release at 8:30 a.m. It will be one of the most important economic data announcements this week. And we highlighted it our Monday's Market News Report.

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