gold investment, silver investment

paul-rejczak

Gold Daily News: Wednesday, March 25

March 25, 2020, 10:03 AM Paul Rejczak

The gold futures contract gained 5.95% on Tuesday, as it extended its Monday's rally following Sunday's Fed unlimited Quantitative Easing announcement. Yellow metal has retraced all of the recent sell-off, as it got back very close to its March 9 medium-term high of $1,704.30 yesterday. Today, gold is retracing some the advance.

Gold is 0.4% down this morning, as it fluctuates following Monday's-Tuesday's rally. What about the other precious metals? Silver gained 7.51% on Tuesday and today it is down 0.6%. Platinum has rallied by 11.82% yesterday and today it is gaining additional 2.0%. Palladium gained 14.77% on Tuesday and today it is gaining 6.3%.

The financial markets continue reacting to the mentioned Sunday's Fed announcement. The stock market has basically crashed along with precious metals prices a week ago. Stocks retrace some of their decline this week and gold is back at medium-term high again. The scheduled economic data releases have been less important than the mentioned virus crisis developments recently. However, yesterday's U.S. Flash Services PMI number release came in much worse than expected. Take a look at our Monday's Market News Report to find out about this week's economic news releases!

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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