Daily Gold News: Thursday, Sep. 9 – Gold Remains Close to $1,800

The gold futures contract lost 0.28% on Wednesday following an almost 2% decline on Tuesday. The yellow metal has retraced all of its recent advance and it fell back below $1,800 price level. This morning gold is trading along $1,800 again, as we can see on the daily chart (the chart includes today’s intraday data):

Today gold is 0.5% higher, as it is trading sideways following Tuesday’s decline. What about the other precious metals? Silver is 1.1% higher, platinum is 0.3% higher and palladium is unchanged. So precious metals’ prices are higher this morning.

Yesterday’s JOLTS Job Openings release has been better than expected at 10.93 million vs. the expected number of 10.03 million. Today we will get the important news from the European Central Bank at 7:45 a.m. There will also be Unemployment Claims and Fed Members speeches today.

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

Thursday, September 9

• 7:45 a.m. Eurozone – Monetary Policy Statement, Main Refinancing Rate
• 8:30 a.m. U.S. – Unemployment Claims
• 8:30 a.m. Eurozone – ECB Press Conference
• 11:05 a.m. U.S. – FOMC Member Daly Speech
• 12:00 p.m. Canada – BOC Governor Macklem Speech
• 1:01 p.m. U.S. – 30-y Bond Auction
• 2:00 p.m. U.S. – FOMC Member Williams Speech

Thursday, September 9

• 7:45 a.m. Eurozone – Monetary Policy Statement, Main Refinancing Rate
• 8:30 a.m. U.S. – Unemployment Claims
• 8:30 a.m. Eurozone – ECB Press Conference
• 11:05 a.m. U.S. – FOMC Member Daly Speech
• 12:00 p.m. Canada – BOC Governor Macklem Speech
• 1:01 p.m. U.S. – 30-y Bond Auction
• 2:00 p.m. U.S. – FOMC Member Williams Speech

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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