Daily Gold News: Thursday, June 23 – Gold Slightly Lower but Still Within a Consolidation
Gold Price Action
The gold futures contract lost 0.02% on Wednesday, June 22, as it further extended its consolidation along the $1,850 level. It continued to fluctuate within a relatively narrow trading range. The market went sideways despite last week’s important FOMC’s release. This morning gold is trading below the $1,850 level, as we can see on the daily chart (the chart includes today’s intraday data):
Fundamentals and Economic News Schedule
Today we will have a testimony from the Fed Chair Powell at 10:00 a.m., Unemployment Claims, and Flash Manufacturing PMI/ Flash Services PMI releases, among others.
The markets will still continue to react to the ongoing Russia-Ukraine war news.
Below you will find our Gold, Silver, and Mining Stocks economic news schedule for the next two trading days.
Thursday, June 23
- 3:30 a.m. Eurozone – German Flash Manufacturing PMI, German Flash Services PMI
- 8:30 a.m. U.S. – Unemployment Claims, Current Account
- 9:45 a.m. U.S. – Flash Manufacturing PMI, Flash Services PMI
- 10:00 a.m. U.S. – Fed Chair Powell Testimony
- Tentative, U.S. – Bank Stress Test Results
Friday, June 24
- 4:00 a.m. Eurozone – German ifo Business Climate
- 7:30 a.m. U.S. – FOMC Member Bullard Speech
- 7:30 a.m. Australia – RBA Governor Lowe Speech
- 10:00 a.m. U.S. – Revised UoM Consumer Sentiment, Revised UoM Inflation Expectations, New Home Sales
For a look at all of today’s economic events, check out our economic calendar.
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