gold investment, silver investment


Gold Daily News: Wednesday, February 26

February 26, 2020, 9:08 AM Paul Rejczak

The gold futures lost 1.59% on Tuesday, as it erased its Monday's rally. The price of gold has also retraced most of Friday's advance, before closing 23 dollars above the daily low. It clearly shows how high short-term volatility is. Investors were buying the safe-haven asset amid corona virus outbreak, economic slowdown fears recently. But gold is retracing a big chunk of that rally after bouncing off $1,700 mark.

Gold is gaining 0.2% this morning, as it fluctuates after yesterday's decline. What about the other precious metals? Silver lost 3.63% on Tuesday, as it retraced most of the recent advances. The price fell below $18 mark, before closing above it. Silver is currently 0.5% lower. Platinum lost 4.30% on Tuesday, and right now it is trading 0.7% lower. The metal bounced off $1,000 mark and now it gets closer to $900. Palladium was the only gainer yesterday, as it rallied 5.02%. The metal extends the short-term uptrend today, as it is gaining additional 0.8%.

The financial markets went risk-off since Friday, as corona virus fears came back again. Yesterday's CB Consumer Confidence release has been slightly worse than expected and it added fuel to a fire. The stock market has sold off again. But the economic data releases seem less important than the mentioned virus scare recently. Nevertheless, today we will have the usually important New Home Sales number release at 10:00 a.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

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