Daily Gold News: Thursday, July 1 – Gold Price is Breaking Below $1,800 Level
Gold Price Recap
The gold futures contract lost 0.56% on Thursday, June 30, as it extended its short-term downtrend after breaking below the $1,850 price level. The market went closer to the $1,800 following strengthening U.S.dollar, among other factors. This morning gold is trading below the $1,800 level, as we can see on the daily chart (the chart includes today’s intraday data):
Fundamentals and Economic News Schedule
Yesterday’s Core PCE Price Index release has been slightly lower than expected at +0.3%. Today we will get the ISM Manufacturing PMI release, among others.
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.
Friday, July 1
- 9:45 a.m. U.S. – Final Manufacturing PMI
- 10:00 a.m. U.S. – ISM Manufacturing PMI, ISM Manufacturing Prices, Construction Spending m/m
- All Day, Canada – Bank Holiday
Monday, July 4
- 10:30 a.m. Canada – BOC Business Outlook Survey
- All Day, U.S. – Bank Holiday
For a look at all of today’s economic events, check out our economic calendar.
Stock Trading 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.