Daily Gold News: Tuesday, Dec. 14 – Gold Price Remains Below $1,800

The gold futures contract gained 0.20% on Monday, as it slightly extended its Friday’s advance. The market continues to fluctuate following the late November decline and a breakdown below the $1,800 level. It sold off in a reaction to strengthening U.S. dollar and volatile stock prices, among other factors. This morning gold is trading along its yesterday’s closing price, 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 still trading below the $1,800 level. What about the other precious metals? Silver is 0.8% lower, platinum is 0.1% lower and palladium is 0.1% lower. So precious metals’ prices are slightly lower this morning.

Today we will get the important Producer Price Index release at 8:30 a.m. The markets will be waiting for series of data announcements on Wednesday, including the important FOMC Statement release.

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

Tuesday, December 14

• 6:00 a.m. U.S. – NFIB Small Business Index
• 8:30 a.m. U.S. – PPI m/m, Core PPI m/m

Wednesday, December 15

• 8:30 a.m. U.S. – Retail Sales m/m, Core Retail Sales m/m, Empire State Manufacturing Index, Import Prices m/m
• 8:30 a.m. Canada – CPI m/m
• 10:00 a.m. U.S. – Business Inventories m/m, NAHB Housing Market Index
• 12:00 p.m. Canada – BOC Governor Macklem Speech
• 2:00 p.m. U.S. – FOMC Statement, Federal Funds Rate, FOMC Economic Projections
• 2:30 p.m. U.S. – FOMC Press Conference
• 4:00 p.m. U.S. – TIC Long-Term Purchases
• 6:30 p.m. Australia – RBA Governor Lowe Speech
• 7:30 p.m. Australia – Employment Change, Unemployment Rate

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

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

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