Daily Gold News: Friday, Dec. 31 – Gold Is Closer to Local Highs Again

The gold futures contract gained 0.46% on Thursday, as it remained close to the recent local highs and above the $1,800 price level. Last week the market broke above that level again and it fluctuated following the advance. On Tuesday the yellow metal’s price reached the new local high of $1,821.60. And in mid-December it fell to the local low of $1,753. This morning gold is trading close to its Tuesday’s local high, as we can see on the daily chart (the chart includes today’s intraday data):

Gold is 0.3% higher this morning, as it is extending a short-term advance above the $1,800 level. What about the other precious metals? Silver is 0.6% higher, platinum is 0.8% lower and palladium is 1.6% lower. So the main precious metals’ prices are higher this morning.

Yesterday’s Unemployment Claims release has been lower than expected at 198,000 and the Chicago PMI release has been higher than expected at 63.1.

Below you will find our Gold, Silver, and Mining Stocks economic news schedule for today:

Friday, December 31

• All Day, Eurozone – German Bank Holiday

Paul Rejczak
Stock Trading Strategist
Sunshine Profits: Analysis. Care. Profits.

* * * * *

Disclaimer

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.