Daily Gold News: Friday, Feb. 19 – Gold Still Below $1,800 Price Mark

The market gave back all of December’s advance. Gold is now below its recent local low, as we can see on the daily chart ( the chart includes today’s intraday data ):

Gold is 0.2% lower this morning, as it is trading along yesterday’s closing price. What about the other precious metals? Silver is 0.1% higher, platinum is 0.2% lower and palladium is 0.4% lower today. So precious metals are mixed this morning.

Yesterday’s Unemployment Claims release has been worse than expected at 861,000. Today we will get the U.S. Flash Manufacturing PMI, Flash Services PMI releases at 9:45 a.m. and the Existing Home Sales release at 10:00 a.m.

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

Friday, February 19

• 3:15 a.m. Eurozone – French Flash Services PMI, French Flash Manufacturing PMI
• 3:30 a.m. Eurozone – German Flash Manufacturing PMI, German Flash Services PMI
• 9:45 a.m. U.S. – Flash Manufacturing PMI, Flash Services PMI
• 10:00 a.m. U.S. – Existing Home Sales
• Tentative, U.S. – Fed Monetary Policy Report

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