gold investment, silver investment


Gold Daily News: Wednesday, February 12

February 12, 2020, 8:52 AM Paul Rejczak

The gold futures contract lost 0.60% on Tuesday, as it retraced some of its week-long advance from last Wednesday's local low of $1,551.10. Investors reacted to the Fed' Jerome Powell's Testimony yesterday. The market continues to trade within a month-long consolidation following January 8 run-up to new medium-term high of $1,613.30.

The gold is 0.2% lower, as risk-on assets are gaining this morning. The market trades along yesterday's local lows. What about the other precious metals? Silver lost 1.06% on Tuesday, as it retraced more of its recent advance. It is currently 0.6% lower. Platinum gained 0.68%, and right now it is 0.8% lower. Palladium gained 0.71% on Tuesday, as it fluctuated following last week's Thursday's sell-off. This morning it is down 0.4%.

The financial markets will be waiting for another day of the mentioned Jerome Powell's Testimony at 10:00 a.m. We highlighted it as the important economic event of this week in our yesterday's Market News Report.

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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