Daily Gold News: Thursday, Oct. 21 – Gold Is Still Going Sideways
The gold futures contract gained 0.81% on Wednesday, as it remained within a consolidation along $1,750-1,800. Last week gold bounced from the $1,800 price level and on Monday it reached a local low of around $1,760. On Tuesday and on Wednesday it was trading along $1,780. This morning gold is extending the consolidation, as we can see on the daily chart (the chart includes today’s intraday data):
Today gold is 0.1% lower, as it is trading along yesterday’s closing price. What about the other precious metals? Silver is 0.7% lower, platinum is 1.1% lower and palladium is 2.1% lower. So precious metals’ prices are lower this morning.
Today we will get the Philly Fed Manufacturing Index, Unemployment Claims releases at 8:30 a.m. and the CB Leading Index, Existing Home Sales releases at 10:00 a.m.
Below you will find our Gold, Silver, and Mining Stocks economic news schedule for the next two trading days:
Thursday, October 21
- 8:30 a.m. U.S. – Philly Fed Manufacturing Index, Unemployment Claims
- 10:00 a.m. U.S. – CB Leading Index m/m, Existing Home Sales
- 3:00 p.m. Australia – RBA Governor Lowe Speech
Friday, October 22
- 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. – FOMC Member Daly Speech
- Tentative, U.S. – Treasury Currency Report
For a look at all of today’s economic events, check out our economic calendar.
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