Paul Rejczak
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The gold futures lost 1.25% on Monday after reaching new monthly high of $1,775.80. It has retraced almost all of its month-long decline from April’s high. On April 14 it was the highest since November of 2012 and the high was at $1,788.80. The market has reversed its short-term uptrend yesterday, as it fell below Friday’s daily trading range. Today, gold is trading along its Monday’s daily lows.

Gold is 0.1% higher today, as it trades along yesterday’s closing price. Meanwhile, the global financial markets continue to hover along their local highs this morning. What about the other precious metals?: Silver gained 2.33% on Monday and today it is 0.7% higher. Platinum gained 6.39% and today it is 1.6% higher. Palladium gained 9.11% and today it is gaining another 2.3%.

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The recent economic data releases have been confirming coronavirus damage to the U.S. economy. However, today we’ve got better-than-expected German ZEW Economic Sentiment number at 5:00 a.m. The U.S. Building Permits/ Housing Starts number have been as expected but lower than the previous ones. Investors will await the Fed Chair Powell Testimony at 10:00 a.m. Take a look at our Monday’s Market News Report to find out about this week’s economic data announements.

Here’s Gold, Silver, and Mining Stocks economic news schedule for today:

  • 8:30 a.m. U.S. – Housing Starts, Building Permits
  • 10:00 a.m. – Fed Chair Powell Testimony, FOMC Member Kashkari Speech
  • 9:30 p.m. China – PBoC Loan Prime Rate
  • All Day, Eurozone – ECOFIN Meetings

Thank you for reading today’s quick gold news guide. If you enjoyed it, we invite you to read also our other gold market analyses. This includes our free Fundamental Gold Reports as well as premium Gold & Silver Trading Alerts with clear buy and sell signals and weekly premium Gold Investment Updates. Great way to check out all the above (also the premium services – free for 7 days!), is to sign up for our no-obligation free gold newsletter. We’ll only ask to whom (just the first name) and to what e-mail address we should be sending our analyses. Sign up today.

Paul Rejczak
Stock Selection Strategist
Sunshine Profits: Analysis. Care. Profits.

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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.


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