Gold is 0.3% higher this morning, as it is trading along the $1,825 price level. What about the other precious metals?
The gold futures contract lost 0.20% on Tuesday, June 28, as it continued to fluctuate within a 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 above its yesterday’s closing price after slightly extending a short-term decline, as we can see on the daily chart (the chart includes today’s intraday data):
Yesterday’s important CB Consumer Confidence release has been worse than expected at 98.7. Today we will get the U.S. Final GDP release, 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.
Wednesday, June 29
Thursday, June 30
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.