Daily Gold News: Wednesday, July 21 – Gold Remains Close to $1,800Today gold is 0.5% lower, as it is extending a short-term consolidation along $1,800 price level. What about the other precious metals?
The gold futures contract gained 0.12% on Tuesday, as it fluctuated following its recent advances. Last week on Thursday, the market has reached a local high of $1,835. Since then it has been consolidating along the price level of $1,800. This morning gold is trading below yesterday’s closing price, as we can see on the daily chart (the chart includes today’s intraday data):
Trading Derivatives carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Derivatives may not be suitable for all investors, so please ensure that you fully understand the risks involved, and seek independent advice if necessary. A Product Disclosure Statement (PDS) can be obtained either from this website or on request from our offices and should be considered before entering into a transaction with us. Raw Spread accounts offer spreads from 0.0 pips with a commission charge of USD $3.50 per 100k traded. Standard account offer spreads from 1 pips with no additional commission charges. Spreads on CFD indices start at 0.4 points. The information on this site is not directed at residents in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
Today gold is 0.5% lower, as it is extending a short-term consolidation along $1,800 price level. What about the other precious metals? Silver is 0.8% higher, platinum is 0.8% higher and palladium is 0.8% higher. So precious metals’ prices are mixed this morning.
Yesterday’s Building Permits, Housing Starts releases have been mixed. Today we won’t get any new important economic data announcements. The markets will be waiting for tomorrow’s European Central Bank’s Monetary Policy Statement release, among others.
Below you will find our Gold, Silver, and Mining Stocks economic news schedule for the next two trading days:
Wednesday, July 21
- All Day, Japan – Bank Holiday
Thursday, July 22
- 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
- 10:00 a.m. U.S. – Existing Home Sales, CB Leading Index m/m
- All Day, Japan – Bank Holiday
For a look at all of today’s economic events, check out our economic calendar.
Stock Selection Strategist
Sunshine Profits: Analysis. Care. Profits.
* * * * *
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.