Daily Gold News: Tuesday, September 13 – Gold Trades Sideways Ahead of Inflation Data
Gold Price Recap
The gold futures contract gained 0.69% on Monday, September 12, as it broke slightly above the recent local highs following news about Russia-Ukraine war, weaker U.S. dollar, among other factors. Last week on Wednesday it bounced from the $1,700 price level. This morning the yellow metal is trading back lower within a consolidation (mainly due to a new futures contract series), as we can see on the daily chart (the chart includes today’s intraday data):
Fundamentals and Economic News Schedule
The markets will be waiting for the important Consumer Price Index release today at 8:30 a.m. It is expected at -0.1% m/m and the Core CPI number is expected at +0.3% m/m.
Below you will find our Gold, Silver, and Mining Stocks economic news schedule for the next two trading days.
Tuesday, September 13
- 5:00 a.m. Eurozone – German ZEW Economic Sentiment
- 6:00 a.m. U.S. – NFIB Small Business Index
- 8:30 a.m. U.S. – CPI m/m, Core CPI m/m
- 1:01 p.m. U.S. – 30-y Bond Auction
- 2:00 p.m. U.S. – Federal Budget Balance
- Tentative, U.S. – IBD/TIPP Economic Optimism
- All Day, Eurozone – ECOFIN Meetings
Wednesday, September 14
- 2:00 a.m. U.K. – CPI y/y, Core CPI y/y
- 8:30 a.m. U.S. – PPI m/m, Core PPI m/m
- 9:30 p.m. Australia – Employment Change, Unemployment Rate
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