( Kitco News ) - Gold giá cả are trading slightly lower in the mid-day trading session of the US on Wednesday, when the US stock index plummeted. The attitude of traders and investors became more backward in the middle of the week. Gold futures contract in Junefinally dropped $ 1.60 an ounce at $ 1,595.30. The Comex silver giá bán could fall last $ 0.076 to $ 14.08 an ounce.
Important for many markets, including gold, the 10-year US Treasury yield dropped below 0.6% this week, after trading above 1.0% early last week. The decline in Treasury yields shows that U.S. bond traders (arguably the smartest traders of all) are looking for more serious trouble on the horizon, also showing most of the The market has not included in their price structure the last economic loss from Covid-19. Whether that scenario is up or down for gold is still visible. Demand for safe-haven gold is still important, but the crippled global economy also shows less consumer demand for gold.
ADP national employment report this morning for March fell 37,000 jobs, better than expected. However, traders are reviewing this report, and will likely do the same thing to Friday's employment report from the Ministry of Labor, as it does not reflect the current unemployment rate in the context of the lockdown. America caused by coronavirus. The more important report for the week will be the weekly, unemployment updated report on Thursday.
On the first day of April and the second quarter, the global stock market mostly falls on Wednesday. Traders and investors on Tuesday were more gloomy after President Trump's daily Covid-19 update late in the afternoon on Tuesday, in which he gave a more gloomy assessment of the situation. Trump said between 140,000 and 240,000 Americans would die of illness, and that is if citizens continue to isolate their homes. He said that it will become a very difficult person in the next few weeks because the coronavirus is likely to peak in mid to late April. A best case scenario seems to be that the US economy started back in May. The governor of New York also had a serious press conference at noon on Wednesday.
In overnight news, China got some more positive economic data on Wednesday, as the Caixin manufacturing purchasing management (PMI) index in March increased to 50.1 from 40.3. in February. An index above 50.0 indicates growth in this area. This news is positive for coronavirus-hit economies, as China's economy has been able to recover very quickly. However, more and more market watchers and media are questioning the reliability of statistics from China, especially those who show that the country's economy has How quickly recovery after coronavirus outbreak.
The Euro zone manufacturing PMI for March reached 44.5, in line with market expectations and compared to February's 49.2.
Các thị trường bên ngoài quan trọng hôm nay chứng kiến giá dầu thô Nymex giảm và giao dịch quanh mức 20,25 đô la một thùng sau khi chạm mức thấp nhất trong 18 năm là 19,27 đô la một thùng vào thứ hai. Có các nhà phân tích năng lượng đáng kính nói rằng vẫn còn tiềm năng giảm giá ngắn hạn đáng kể trong dầu thô Nymex, trong bối cảnh tình trạng dư cung và cú sốc cầu. Các chỉ số đồng đô la Mỹ là kiên cố cao hơn đầu chiều nay như con bò đực đang có một tuần mạnh.
Về mặt kỹ thuật, những con bò vàng kỳ hạn tháng 6 vẫn có lợi thế kỹ thuật tổng thể trong ngắn hạn nhưng đang mờ dần trong tuần này và cần sớm thể hiện sức mạnh mới để giữ lợi thế của biểu đồ. Mục tiêu đột phá giá ngắn hạn tiếp theo của những chú bò vàng là tạo ra mức đóng cửa trên mức kháng cự kỹ thuật vững chắc ở mức $ 1.625,00. Mục tiêu giảm giá ngắn hạn tiếp theo của Bears đang đẩy giá xuống dưới mức hỗ trợ kỹ thuật vững chắc ở mức $ 1,550,00. Mức kháng cự đầu tiên được nhìn thấy ở mức 1.600,00 đô la và sau đó ở mức cao hiện nay là 1.612,40 đô la. Hỗ trợ đầu tiên được nhìn thấy ở mức thấp hôm nay là $ 1,576,00 và sau đó là $ 1,565,00. Xếp hạng thị trường của Wyckoff: 6.0
![24-hour live gold chart [Kitco Inc.]](https://www.kitco.com/images/live/gold.gif?0.2924175530478188){kind=small}
Future silver bears could have the overall near-term technical advantage. The next upside objective for the silver bulls is to close the price above solid technical resistance at $ 16.00 an ounce. The next bearish target for the bears is the close below the solid support at the March low of $ 11.64. First resistance is seen at this week's high of $ 14.71 and then at $ 15.00. Next support is seen at the second low of $ 13,945 and then at $ 13.50. Wyckoff's market rank: 4.0.
![24-hour live silver chart [Kitco Inc.]](https://www.kitco.com/images/live/silver.gif)
The NY dollar may close down 560 points to 217.25 cents today. The price closed near today's lowest session. Copper bears have the overall near-term technical advantage. A bearish flag pattern has formed on the daily bar chart now. The bulls' next upside objective is pushing prices and closing above solid technical resistance at 230.00 cents. The next bearish target for the bears is to close below the solid technical support at the March low of 197.25 cents. The first resistance level seen at today's high is 222.20 cents and then this week's highest level at 224.80 cents.First support is seen at today's low of 215.45 cents and then this week's low of 213.95 cents. Wyckoff's market rank: 3.0.
