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Daily Gold News: Wednesday, September 14 – Gold Price Fell on Inflation Release

By:
Paul Rejczak
Published: Sep 14, 2022, 11:53 GMT+00:00

Gold is 0.1% higher this morning, as it is trading along its yesterday’s closing price. What about the other precious metals?

Gold FX Empire

In this article:

Gold Price Recap

The gold futures contract lost 1.33% on Tuesday, September 13, as it retraced its recent advances following higher-than-expected Consumer Inflation number release. On Monday it extended an advance on 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 closer to the $1,700 level again, as we can see on the daily chart (the chart includes today’s intraday data):

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Precious Metals Price Action

Gold is 0.1% higher this morning, as it is trading along its yesterday’s closing price. What about the other precious metals? Silver is 0.9% higher, platinum is 1.8% higher and palladium is 0.4% higher. So the main precious metals’ prices are mixed this morning.

Fundamentals and Economic News Schedule

Yesterday’s important Consumer Price Index release has been higher than expected at +0.1% m/m and the Core CPI number has been also higher than expected at +0.6% m/m. Today we will get the Producer Price Index release at 8:30 a.m.

Below you will find our Gold, Silver, and Mining Stocks economic news schedule for the next two trading days.

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

Thursday, September 15

  • 8:30 a.m. U.S. – Retail Sales m/m, Core Retail Sales m/m, Empire State Manufacturing Index, Philly Fed Manufacturing Index, Unemployment Claims, Import Prices m/m
  • 9:15 a.m. U.S. – Industrial Production m/m, Capacity Utilization Rate
  • 10:00 a.m. U.S. – Business Inventories m/m
  • 10:00 p.m. China – Retail Sales y/y

Paul Rejczak
Stock Trading Strategist
Sunshine Profits: Analysis. Care. Profits.

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Disclaimer

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.

About the Author

Paul Rejczakcontributor

Stock market strategist, who has been known for the quality of his technical and fundamental analysis since the late nineties.

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