Daily Gold News: Friday, Mar. 26 – Gold Little Changed

The gold futures contract lost 0.47% on Thursday, as it continued to fluctuate within a short-term consolidation following rebound from the previous Monday’s local low of $1,763.30. Last Wednesday’s FOMC release led to an increased volatility. However, gold went basically sideways. In early March yellow metal’s price was the lowest since last year’s June. Today gold is trading along yesterday’s daily close, as we can see on the daily chart (the chart includes today’s intraday data):

Gold is 0.1% lower this morning, as it is extending short-term consolidation. What about the other precious metals? Silver is 0.1% higher, platinum is 0.4% higher and palladium is 1.2% higher today. So precious metals are mixed this morning.

Yesterday’s Unemployment Claims release has been better than expected at 684,000. Today we will get Personal Income/ Personal Spending numbers announcement, among others.

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

Friday, March 26

• 5:00 a.m. Eurozone – German ifo Business Climate
• 8:30 a.m. U.S. – Personal Income m/m, Personal Spending m/m, Preliminary Wholesale Inventories m/m, Goods Trade Balance, Core PCE Price Index m/m
• 10:00 a.m. U.S. – Revised UoM Consumer Sentiment, Revised UoM Inflation Expectations
• All Day, Eurozone – Euro Summit, EU Economic Summit Day 2

For a look at all of today’s economic events, check out our economic calendar.

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

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