gold investment, silver investment

paul-rejczak

Gold Daily News: Wednesday, March 11

March 11, 2020, 10:11 AM Paul Rejczak

The gold futures contract lost 0.92% on Tuesday, as it extended its downward correction from Monday's new medium-term high of $1,704.30. Two weeks ago the gold price collapsed to the low of $1,564 despite an ongoing corona virus scare. However, the market retraced all of the decline last week, as virus fears reappeared. Gold broke higher on Monday, but then the market got back lower again.

Gold is 0.8% higher this morning, as it retraces most of yesterday's decline. What about the other precious metals? Silver lost 0.58% on Tuesday and today it is trading 0.6% higher. Platinum gained 0.76% yesterday and this morning it is trading 1.3% higher. Palladium lost 3.67% yesterday and today it is trading 2.0% lower, as it extends its short-term downtrend.

The financial markets were selling off on Monday amid corona virus fears and crashing oil prices following failed Friday's OPEC Meeting. Last week's scheduled economic data releases haven't moved markets by much. What about the coming week? Today's U.S. consumer inflation data release was inline with expectations.Tomorrow we will await Producer Price Index and the ECB monetary policy releases. 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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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.

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