Gold is virtually flat this morning, as it is trading below the $1,825 price level. What about the other precious metals?
The gold futures contract lost 0.30% on Monday, June 27, as it further extended its 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 along its yesterday’s closing price, as we can see on the daily chart (the chart includes today’s intraday data):
Yesterday’s Durable Goods Orders release has been higher than expected at +0.7%, and the Pending Home Sales release has also been higher than expected at +0.7%. Today we will get the important CB Consumer Confidence release at 10:00 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.
Tuesday, June 21
Wednesday, June 29
For a look at all of today’s economic events, check out our economic calendar.
Paul Rejczak
Stock Trading Strategist
Sunshine Profits: Analysis. Care. Profits.
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Stock market strategist, who has been known for the quality of his technical and fundamental analysis since the late nineties.