Daily Gold News: Thursday, June 30 – Gold Price Gets Closer to $1,800 Level
Gold Price Recap
The gold futures contract lost 0.20% on Wednesday, June 29, as it further extended a short-term consolidation along the $1,800-1,850 price level. The market is still going sideways after declining from around $2,000 to below the $1,800 level in April-May. This morning gold is trading lower again, as we can see on the daily chart (the chart includes today’s intraday data):
Fundamentals and Economic News Schedule
Yesterday’s U.S. Final GDP release has been slightly worse than expected at -1.6%. Today we will get the Core PCE Price Index release at 8:30 a.m., 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.
Thursday, June 30
- 8:30 a.m. U.S. – Core PCE Price Index m/m, Unemployment Claims, Personal Income m/m, Personal Spending m/m
- 8:30 a.m. Canada – GDP m/m
- 9:45 a.m. U.S. – Chicago PMI
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
For a look at all of today’s economic events, check out our economic calendar.
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