gold investment, silver investment

paul-rejczak

Gold Daily News: Tuesday, February 25

February 25, 2020, 8:47 AM Paul Rejczak

The gold futures contract gained 1.69% on Monday, as it further accelerated its uptrend following breaking above $1,600 mark. The price of gold is the highest since early 2013. Investors keep buying the safe-haven asset amid corona virus outbreak, economic slowdown fears. Today gold is retracing some of that rally following bouncing off $1,700 mark.

Gold is retracing some of its recent rally this morning, as it is declining by 0.5%. What about the other precious metals? Silver gained 1.87% on Monday, as it got back to the early January local high. It was just below $19. This morning it is 1.3% lower. Platinum lost 0.19% on Monday, and it is 0.7% lower right now. The metal bounced back off $1,000 mark again. Palladium accelerated the uptrend recently and on Thursday and Friday it went sideways. Yesterday it lost 3.23%. Palladium price is 1.1% higher today.

The financial markets went risk-off since Friday, as corona virus fears came back again. Investors will now wait for today's CB Consumer Confidence number release. But will the economic data be more important than the mentioned virus scare in the coming days? There will be series of news releases this week. Take a look at our Monday's Market News Report to find out more!

Thank you.

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

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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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