Gold Daily News: Monday

March 23, 2020
Stock Market Strategist & Author

The gold futures contract gained 0.36% on Friday, as it continued to fluctuate following the recent sell-off. Yellow metal fell the lowest since late November of 2019 on Monday a week ago. Since then it has been fluctuating along $1,450-1,550 range. Today gold is extending the short-term consolidation, as stock markets get closer to their local lows amid further corona virus pandemic fears.

Gold is 0.3% down this morning, as it remains within its Thursday’s-Friday’s trading range. What about the other precious metals. Silver gained 2.07% on Friday and today it is down 0.6%. Platinum 4.31% on Friday and on Monday morning it is up 0.5%. Palladium gained 0.71% on Friday and today it gains 3.5%. Overall, precious metals prices are going sideways this morning.

The financial markets continue to react to corona virus crisis news. The stock market has basically crashed along with precious metals prices a week ago. And the scheduled economic data releases have been much less important than the mentioned virus crisis developments recently. However, some of last week’s releases have showed a sharp downturn. So it may be worth taking a look at our today’s Market News Report to find out about this week’s economic news releases!

Check more of our free articles on our website – just drop by and have a look. We encourage you to sign up for our daily newsletter, too - it's free and if you don't like it, you can unsubscribe with just 2 clicks. If you sign up today, you'll also get 7 days of free access to our premium daily Gold & Silver Trading Alerts. Sign up for the free newsletter today!

Paul Rejczak
Stock Trading Strategist
Sunshine Profits - Effective Investments through Diligence and Care

* * * * *

Disclaimer

All essays, research and information found above represent analyses and opinions of Paul Rejczak and Sunshine Profits' associates only. As such, it may prove wrong and be a subject to change without notice. Opinions and analyses were based on data available to authors of respective essays at the time of writing. Although the information provided above is based on careful research and sources that are believed to be accurate, Paul Rejczak and his associates do not guarantee the accuracy or thoroughness of the data or information reported. The opinions published above are neither an offer nor a recommendation to purchase or sell any securities. Mr. Rejczak is not a Registered Securities Advisor. By reading Paul Rejczak’s reports you fully agree that he will not be held responsible or liable for any decisions you make regarding any information provided in these reports. Investing, trading and speculation in any financial markets may involve high risk of loss. Paul Rejczak, Sunshine Profits' employees and affiliates as well as members of their families may have a short or long position in any securities, including those mentioned in any of the reports or essays, and may make additional purchases and/or sales of those securities without notice.

********

Paul Rejczak is a stock market strategist, who has been known for quality of his technical and fundamental analysis since the late nineties. He is interested in forecasting market behavior based on both traditional and innovative methods of technical analysis. Paul has made his name by developing mechanical trading systems. Paul is the author of Sunshine Profits’ premium service for stock traders: Stock Trading Alerts.

According to the Talmud you should keep one-third of your assets each in land, business interests, and gold.

Gold Eagle twitter                Like Gold Eagle on Facebook