Gold Daily News: Thursday, January 17
January 21, 2020 (Investorideas.com Newswire) Gold futures lost 0.2% on Thursday, January 16 as it continued to fluctuate within an over week-long consolidation following January 8 run-up above $1,600 mark that ended with a sharp downturn. The market has rebounded off Tuesday's local low of $1,536.40. But on Wednesday and Thursday it's been bouncing off a short-term resistance level at $1,560.
The gold price remains unchanged despite Wednesday's U.S. and China Phase One trade deal and it positive consequences for the overall risk-on assets. The silver follows gold, as it is basically going sideways since January 9. But we've had platinum sell-off off the new medium-term high and a potential palladium's euphoria-rally reversal yesterday. The palladium futures has reached the new record high of $2244.80, before closing "just 0.6% higher".
Right now, the price of gold gains 0.4% and silver is 0.7% higher. Platinum and Palladium are trying to resume their uptrend as they gain 2.4-2.5%.
Today, the markets will await the U.S. Building Permits and Housing Starts numbers at 8:30 a.m. Then the FOMC Member Harker will speak at 9:00 a.m. But that's not all. We will also have the Preliminary Universtity of Michigan Consumer Sentiment data release at 10:00 a.m. There will also be another speech from the FOMC Member Quarles at 12:45 p.m.
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!
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.
This news is published on the Investorideas.com Newswire - a global digital news source for investors and business leaders
Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Contact management and IR of each company directly regarding specific questions.
More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ and tickertagstocknews.com