Daily Gold News: Tuesday, August 2 – Gold Price Remains Close to Local Highs
Gold Price Recap
The gold futures contract gained 0.33% on Monday, August 1, as it further extended its short-term uptrend. On Thursday it broke above the recent trading range following Wednesday’s FOMC interest rate decision announcement and stock markets’ rally. This morning gold is trading slightly above its yesterday’s closing price, as we can see on the daily chart (the chart includes today’s intraday data):
Fundamentals and Economic News Schedule
Yesterday’s ISM Manufacturing PMI release has been slightly better than expected at 52.8. Today we will get the JOLTS Job Openings release at 10:00 a.m., among others.
Below you will find our Gold, Silver, and Mining Stocks economic news schedule for the next two trading days.
Tuesday, August 2
- 12:30 a.m. Australia – Cash Rate, RBA Rate Statement
- 10:00 a.m. U.S. – JOLTS Job Openings
- All Day, U.S. – Wards Total Vehicle Sales
Wednesday, August 3
- 9:45 a.m. U.S. – Final Services PMI
- 10:00 a.m. U.S. – ISM Services PMI, Factory Orders m/m
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