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The gold futures contract gained 0.71% on Tuesday as it continued to fluctuate within a short-term consolidation following last week’s Tuesday’s decline of almost 2%. The yellow metal has retraced all of its recent advance and it fell back below the $1,800 price level. It reacted to the strengthening U.S. dollar, among other factors. This morning gold is trading above the price level of $1,800, as we can see on the daily chart (the chart includes today’s intraday data):

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Today gold is 0.1% lower, as it is trading along the yesterday’s closing price. What about the other precious metals? Silver is 0.3% lower, platinum is 0.1% higher and palladium is 2.6% higher. So precious metals’ prices are mixed this morning.

Yesterday’s Consumer Price Index release has been slightly lower than expected at +0.3% m/m and the Core CPI has been at only +0.1% m/m vs. the expected +0.3% m/m. Today we will get the Empire State Manufacturing Index and Industrial Production releases. The markets will be waiting for tomorrow’s Retail Sales number release.

Below you will find our Gold, Silver, and Mining Stocks economic news schedule for today:

Wednesday, September 15

  • 8:30 a.m. U.S. – Empire State Manufacturing Index, Import Prices m/m
  • 8:30 a.m. Canada – CPI m/m, Common CPI y/y, Median CPI y/y, Trimmed CPI y/y, Core CPI m/m
  • 9:15 a.m. U.S. – Industrial Production m/m, Capacity Utilization Rate
  • 9:30 p.m. Australia – Employment Change, Unemployment Rate

Thursday, September 16

  • 8:00 a.m. Eurozone – ECB President Lagarde Speech
  • 8:30 a.m. U.S. – Retail Sales m/m, Core Retail Sales m/m, Unemployment Claims, Philly Fed Manufacturing Index
  • 10:00 a.m. U.S. – Business Inventories m/m

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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Disclaimer

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.

 

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