Daily Gold News: Tuesday, August 16 – Gold Price Remains Below the $1,800 Level
Gold Price Recap
The gold futures contract lost 0.96% on Monday, August 15, as it retraced some of the recent advances on strengthening U.S. dollar, among other factors. On Wednesday the market reached new local high of $1,824.60 following lower-than-expected Consumer Price Index release. This morning gold is trading below the $1,800 price level, as we can see on the daily chart (the chart includes today’s intraday data):
Fundamentals and Economic News Schedule
Yesterday’s Empire State Manufacturing Index release has been worse than expected at -31.3. Today we will get the Building Permits/ Housing Starts and Industrial Production releases.
Below you will find our Gold, Silver, and Mining Stocks economic news schedule for the next two trading days.
Tuesday, August 16
- 5:00 a.m. Eurozone – German ZEW Economic Sentiment
- 8:30 a.m. U.S. – Building Permits, Housing Starts
- 8:30 a.m. Canada – CPI m/m, Common CPI y/y, Median CPI y/y, Trimmed CPI y/y
- 9:15 a.m. U.S. – Industrial Production m/m, Capacity Utilization Rate
- 9:30 p.m. Australia – Wage Price Index q/q
Wednesday, August 17
- 8:30 a.m. U.S. – Retail Sales m/m, Core Retail Sales m/m
- 10:00 a.m. U.S. – Business Inventories m/m
- 2:00 p.m. U.S. – FOMC Meeting Minutes
- 9:30 p.m. Australia – Employment Change, Unemployment Rate
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.