gold investment, silver investment


Gold Daily News: Wednesday, February 19

February 19, 2020, 9:48 AM Paul Rejczak

The gold futures contract gained 1.08% on Tuesday, as it accelerated its recent advance. The yellow metal broke above February 3 local high and $1,600 level, but it closed slightly below January 8 high of $1,613.30. Investors keep buying the safe-haven asset despite record-breaking stock market and rising U.S. dollar.

The recent China virus fears didn't scare risk-on assets' investors, however gold kept extending its short-term uptrend. This morning it gains 0.1%. What about the other precious metals? Silver gained 2.35% on Tuesday, as it got close to January local highs. The price is now above $18 mark and it's 0.2% higher this morning. Platinum gained 2.59% on Tuesday, and today it is gaining 1.3%. The metal is back above $1,000 mark again. Palladium accelerated the uptrend yesterday, as it gained 7.81%. Today, it is gaining additional 6.1%.

The financial markets will now wait for this week's most important economic data release - we will get the FOMC Meeting Minutes at 2:00 p.m. 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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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.

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