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Gold Daily News: Wednesday, April 1

The gold futures lost 2.84% on Tuesday, as it broke below its short-term consolidation. The market has retraced more of last week’s Monday’s – Tuesday’s rally and it got slightly below $1,600 mark again.
Paul Rejczak
Gold Silver

The yellow metal has reacted to news about Russia’s plan to stop gold purchases, among other factors. For now, it looks like a downward correction within an uptrend.

Gold is down 0.3% this morning, as it fluctuates along yesterday’s daily low. What about the other precious metals? Silver gained 0.17% on Tuesday and today it is 0.9% lower. Platinum gained 0.84% yesterday and today it is trading 2.5% lower. Palladium rallied by 4.88% yesterday and today it is 4.9% down. So precious metals are fluctuating following yesterday’s gold price sell-off.

Today’s ADP Non-Farm Employment Change release at 8:15 a.m. has been lower than expected. However, the financial markets are bouncing off their earlier intraday lows. Investors will now wait for the ISM Manufacturing PMI number release at 10:00 a.m. Last week’s record-breaking weekly U.S. Unemployment Claims number has been quite shocking. And we may see more bad economic data releases in the near future, as they will be revealing coronavirus damage to the economy. Take a look at our Monday’s Market News Report to find out about this week’s economic news releases.

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Thank you.

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


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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