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Gold Continues To Fluctuate

Published 03/31/2020, 03:34 PM
Updated 05/14/2017, 06:45 AM

The gold futures contract lost 0.66% on Monday, as it continued to fluctuate following last week's Monday-Tuesday rally. The market reacted to the previous Sunday's Fed unlimited Quantitative Easing announcement. Yellow metal has retraced all of the previous sell-off, as it got back close to March 9 medium-term high of $1,704.30. Since then, gold is trading within the mentioned short-term consolidation.

Gold is down 2.0% this morning, as it retraces some more of the recent rally.

What about the other precious metals?

Silver lost 2.77% on Monday and today it is 0.7% lower. Platinum lost 2.40% yesterday and today it is trading 1.1% lower. Palladium was unchanged on Monday. Today it is also unchanged. So precious metals are backing down slightly following last week's rally.

Latest comments

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