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Market News Report: May 11 - May 15, 2020

Last week’s economic data releases have basically confirmed coronavirus damage to global economies. The U.S. Unemployment Rate hit almost 15%, as Friday’s monthly jobs data release showed. But will we get a meaningful downward correction fol...
Paul Rejczak | May 11, 2020 |

Market News Report: February 10, 2020 - February 14, 2020

The markets went risk-on last week following better-than-expected economic data releases, as China virus fears eased. This week we will have a lot of Fed talk and another pretty important set of economic data releases. Let’s take a look at the details. The w...
Paul Rejczak | February 10, 2020 |

Market News Report: May 18 - May 22, 2020

We’ve got another series of bad economic data releases last week following global economic lockdown. But will we get a meaningful downward correction after over-month-long rallying in stocks? This week the markets will await another Fed Chair Powell speech al...
Paul Rejczak | May 19, 2020 |

Important Economic News Calendar: November 11 – November 15, 2019

Last week the markets took some breather following the late October - early November huge economic data announcements. The ISM Non-Manufacturing PMI led to some volatility but despite the sell-off in gold it was a relatively quiet week on the financial markets. What about the ...
Paul Rejczak | November 12, 2019 |

Daily Gold News: Tuesday, May 19 – Gold Backs From April’s High

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 rev...
Paul Rejczak | May 19, 2020 |

Daily Gold News: Thursday, May 21 – Precious Metals Taking a Breather

The gold futures contract gained 0.37% on Wednesday as it continued to fluctuate after reaching new monthly high of $1,775.80 on Monday. It has retraced almost all of its downward correction from April 14 high of $1,788.80. The market is extending over month-long consolida...
Paul Rejczak | May 21, 2020 |

Daily Gold News: Friday, May 29 – Gold at Yesterday’s High

The gold futures contract gained 0.09% on Thursday, as it extended its consolidation following bouncing off $1,700 support level on Wednesday. Gold has been trading within a downward correction after reaching new monthly high of $1,775.80 on Monday almost two weeks ago. ...
Paul Rejczak | May 29, 2020 |

Daily Gold News: Monday, June 15 – Gold Bouncing Off $1,750 Resistance Level Again

The gold futures contract lost 0.14% on Friday, as it remained within its Thursday’s daily trading range. The price broke above $1,750 mark once again before closing below that resistance level. Global markets went risk-on and gold has been selling off as a ...
Paul Rejczak | June 15, 2020 |

Daily Gold News: Wednesday, June 17 – Gold Price Bouncing Back and Forth

The gold futures contract gained 0.54% on Tuesday, as it retraced most of its Monday’s decline of 0.58%. The price has been breaking above $1,750 mark recently. But it came back closer to $1,700 on Monday. Last Wednesday’s FOMC Statement cam...
Paul Rejczak | June 17, 2020 |

Daily Gold News: Thursday, June 18 – Gold’s Intraday Reversal, Sideways Trading Action Continues

The gold futures contract lost 0.05% on Wednesday, as it extended its short-term consolidation above the price level of $1,700. Gold has been breaking slightly above $1,750 mark recently. But it came back closer to $1,700 on Monday. Last Wednesday’s FOMC Sta...
Paul Rejczak | June 19, 2020 |
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