Daily Gold News: Thursday, Feb. 25 – Gold Below $1,800 Again

The gold futures contract lost 0.44% on Wednesday, as it retraced some of its Monday’s rebound of 1.7%. Last week it broke below the previous local low and $1,800 price level. The market gave back all of December’s advance. This morning gold is trading along yesterday’s daily low, as we can see on the daily chart ( the chart includes today’s intraday data ):

Gold is 1.1% lower this morning, as it is trading well below $1,800 price level again. What about the other precious metals? Silver is 0.1% lower, platinum is 1.0% lower and palladium is 0.8% lower today. So precious metals are lower this morning.

Today we will get series of economic data releases including the Preliminary GDP number and Unemployment Claims.

Below you will find our Gold, Silver, and Mining Stocks economic news schedule for the next two trading days:

Thursday, February 25

• 8:30 a.m. U.S. – Preliminary GDP q/q, Durable Goods Orders m/m, Core Durable Goods Orders m/m, Unemployment Claims, Preliminary GDP Price Index q/q, FOMC Member Bostic Speech
• 10:00 a.m. U.S. – Pending Home Sales m/m
• 11:10 a.m. U.S. – FOMC Member Quarles Speech
• 12:00 a.m. U.S. – FOMC Member Bostic Speech

Friday, February 26

• 8:30 a.m. U.S. – Personal Income m/m, Personal Spending m/m, Core PCE Price Index m/m, Goods Trade Balance, Preliminary Wholesale Inventories m/m
• 9:45 a.m. U.S. – Chicago PMI
• 10:00 a.m. U.S. – Revised UoM Consumer Sentiment, Revised UoM Inflation Expectations
• All Day – G20 Meetings

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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