Daily Gold News: Tuesday, Feb. 23 – Gold’s Rebound, Back Above $1,800Gold is 0.1% higher this morning, as it is trading along yesterday’s daily close. What about the other precious metals?
The gold futures contract gained 1.74% on Monday, as it broke above a short-term consolidation following recent declines below $1,800 price level. Earlier this month it broke below the previous local low in a reaction to strengthening U.S. dollar and rallying stock market, among other factors. The market gave back all of December’s advance. Gold is above $1,800 level again, as we can see on the daily chart ( the chart includes today’s intraday data ):
75% of retail CFD investors lose money
Gold is 0.1% higher this morning, as it is trading along yesterday’s daily close. What about the other precious metals? Silver is 0.7% lower, platinum is 1.3% lower and palladium is 1.8% lower today. So precious metals are mixed this morning.
Today we will get the Consumer Confidence release and Fed Chair Powell ’s testimony at 10:00 a.m.
Below you will find our Gold, Silver, and Mining Stocks economic news schedule for the next two trading days:
Tuesday, February 23
- 9:00 a.m. U.S. – HPI m/m, S&P/CS Composite-20 HPI y/y
- 10:00 a.m. U.S. – Fed Chair Powell Testimony , CB Consumer Confidence, Richmond Manufacturing Index
- 12:30 p.m. Canada – BOC Governor Macklem Speech
Wednesday, February 24
- 10:00 a.m. U.S. – Fed Chair Powell Testimony , New Home Sales
- 10:30 a.m. U.S. – FOMC Member Brainard Speech
- 1:00 p.m. U.S. – FOMC Member Clarida Speech
- 4:00 p.m. U.S. – FOMC Member Clarida Speech
For a look at all of today’s economic events, check out our economic calendar.
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All essays, research and information found above represent analyses and opinions of Paul Rejczak and Sunshine Profits’ associates only. As such, it may prove wrong and be a subject to change without notice. Opinions and analyses were based on data available to authors of respective essays at the time of writing. Although the information provided above is based on careful research and sources that are believed to be accurate, Paul Rejczak and his associates do not guarantee the accuracy or thoroughness of the data or information reported. The opinions published above are neither an offer nor a recommendation to purchase or sell any securities. Mr. Rejczak is not a Registered Securities Advisor. By reading Paul Rejczak’s reports you fully agree that he will not be held responsible or liable for any decisions you make regarding any information provided in these reports. Investing, trading and speculation in any financial markets may involve high risk of loss. Paul Rejczak, Sunshine Profits’ employees and affiliates as well as members of their families may have a short or long position in any securities, including those mentioned in any of the reports or essays, and may make additional purchases and/or sales of those securities without notice.