Daily Gold News: Tuesday, June 14 – Gold Went Closer to $1,800 Again

Gold Price Recap

The gold futures contract lost 2.33% on Monday, June 13, as it retraced its Friday’s advance following higher-than-expected Consumer Price Index release. The martket went closer to the $1,800 level again yesterday. 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):

Precious Metals Price Action

Gold is 0.4% higher this morning, as it is trading well below the $1,850 level. What about the other precious metals? Silver is 0.5% higher, platinum is 0.1% higher and palladium is 0.7% higher. So the main precious metals’ prices are higher this morning.

Fundamentals and Economic News Schedule

Today we will get the Producer Price Index release at 8:30 a.m., among others. Investors will wait for tomorrow’s FOMC Statement release.

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.

Tuesday, June 14

• 5:00 a.m. Eurozone – German ZEW Economic Sentiment
• 6:00 a.m. U.S. – NFIB Small Business Index
• 8:30 a.m. U.S. – PPI m/m, Core PPI m/m
• 10:00 p.m. China – Industrial Production y/y, Retail Sales y/y
• Tentative, U.S. – IBD/TIPP Economic Optimism

Wednesday, June 15

• 8:30 a.m. U.S. – Retail Sales m/m, Core Retail Sales m/m, Empire State Manufacturing Index, Import Prices m/m
• 10:00 a.m. U.S. – Business Inventories m/m, NAHB Housing Market Index
• 12:20 Eurozone – ECB President Lagarde Speech
• 2:00 p.m. U.S. – FOMC Statement, Federal Funds Rate, FOMC Economic Projections
• 2:30 p.m. U.S. – FOMC Press Conference
• 9:30 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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