Daily Gold News: Thursday, June 9 – Gold Price Remains Close to $1,850

Gold Price Recap

The gold futures contract gained 0.24% on Wednesday, June 8, as it extended a short-term consolidation along the $1,850 level. Last week on Thursday the market broke slightly above the recent trading range, but on Friday it came back closer to the $1,850 following the U.S. monthly jobs data release. In mid-May gold fell below the $1,800 level on strengthening U.S. dollar, Fed’s monetary policy tightening fears. This morning yellow metal is still trading close to the $1,850 level, as we can see on the daily chart (the chart includes today’s intraday data):

Precious Metals Price Action

Gold is 0.3% lower this morning, as it is trading along the $1,850 level. What about the other precious metals? Silver is 0.5% lower, platinum is 2.5% lower and palladium is 0.1% higher. So the main precious metals’ prices are lower this morning.

Fundamentals and Economic News Schedule

Yesterday’s Final Wholesale Inventories release has been slightly higher than expected at +2.2%. Today we will get the important ECB Monetary Policy Statement release at 7:45 a.m. and the Unemployment Claims release at 8:30 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.

Thursday, June 9

  • 7:45 a.m. Eurozone – Main Refinancing Rate, Monetary Policy Statement
  • 8:30 a.m. U.S. – Unemployment Claims
  • 8:30 a.m. Eurozone – ECB Press Conference
  • 11:00 a.m. Canada – BOC Governor Macklem Speech
  • 1:01 p.m. U.S. – 30-y Bond Auction

Friday, June 10

  • 8:30 a.m. U.S. – CPI m/m, Core CPI m/m
  • 8:30 a.m. Canada – Employment Change, Unemployment Rate
  • 10:00 a.m. U.S. – Preliminary UoM Consumer Sentiment, Preliminary UoM Inflation Expectations
  • 2:00 p.m. U.S. – Federal Budget Balance

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.

* * * * *

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.

 

Daily Gold News: Wednesday, June 8 – Gold’s Further Consolidation

Gold Price Recap

The gold futures contract gained 0.46% on Tuesday, June 7, as it continued to fluctuate within a short-term consolidation. Last week on Thursday the market broke slightly above the recent trading range, but on Friday it came back closer to the $1,850 following the U.S. monthly jobs data release. In mid-May gold fell below the $1,800 level on strengthening U.S. dollar, Fed’s monetary policy tightening fears. This morning yellow metal is still trading within a consolidation, as we can see on the daily chart (the chart includes today’s intraday data):

Precious Metals Price Action

Gold is 0.2% lower this morning, as it is trading along the $1,850 level again. What about the other precious metals? Silver is 1.5% lower, platinum is 0.9% lower and palladium is 1.7% lower. So the main precious metals’ prices are lower this morning.

Fundamentals and Economic News Schedule

Today we will get Final Wholesale Inventories release at 8:30 a.m. and tomorrow there will be the ECB Monetary Policy Statement release.

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 8

  • 10:00 a.m. U.S. – Final Wholesale Inventories m/m
  • 1:01 p.m. U.S. – 10-y Bond Auction

Thursday, June 9

  • 7:45 a.m. Eurozone – Main Refinancing Rate, Monetary Policy Statement
  • 8:30 a.m. U.S. – Unemployment Claims
  • 8:30 a.m. Eurozone – ECB Press Conference
  • 11:00 a.m. Canada – BOC Governor Macklem Speech
  • 1:01 p.m. U.S. – 30-y Bond Auction

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.

* * * * *

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.

Daily Gold News: Tuesday, June 7 – Gold Price Continues to Fluctuate Along $1,850

Gold Price Recap

The gold futures contract lost 0.35% on Monday, June 6, as it further extended a short-term consolidation. On Thursday the market broke slightly above the recent trading range, but on Friday it came back closer to the $1,850 following the U.S. monthly jobs data release. In mid-May gold fell below the $1,800 level on strengthening U.S. dollar, Fed’s monetary policy tightening fears. This morning yellow metal is trading along the $1,850 level, as we can see on the daily chart (the chart includes today’s intraday data):

Precious Metals Price Action

Gold is 0.5% higher this morning, as it is trading just above the $1,850 level again. What about the other precious metals? Silver is 0.1% higher, platinum is 0.6 % lower and palladium is 0.3% higher. So the main precious metals’ prices are higher this morning.

Fundamentals and Economic News Schedule

Today we will get the Trade Balance release at 8:30 a.m.

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 7

  • 12:30 a.m. Australia – Cash Rate, RBA Rate Statement
  • 8:30 a.m. U.S. – Trade Balance
  • 3:00 p.m. U.S. – Consumer Credit m/m

Wednesday, June 8

  • 10:00 a.m. U.S. – Final Wholesale Inventories m/m
  • 1:01 p.m. U.S. – 10-y Bond Auction

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.

* * * * *

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.

Daily Gold News: Monday, June 6 – Gold Price Came Back to the $1,850 Level

Gold Price Recap

The gold futures contract lost 1.13% on Friday, June 3, as it extended its consolidation. On Thursday the market broke slightly above the recent trading range, but on Friday I came back closer to the $1,850 following the U.S. monthly jobs data release. In mid-May gold fell below the $1,800 level on strengthening U.S. dollar, Fed’s monetary policy tightening fears. This morning yellow metal is trading slightly above the Friday’s closing price, as we can see on the daily chart (the chart includes today’s intraday data):

Precious Metals Price Action

Gold is 0.1% higher this morning, as it is trading just above the $1,850 level. What about the other precious metals? Silver is 2.1% higher, platinum is 1.4% higher and palladium is 2.1% higher. So the main precious metals’ prices are mixed this morning.

Fundamentals and Economic News Schedule

Friday’s important Nonfarm Payrolls release has been higher than expected at +390,000. Today we won’t get any new important economic data announcements.

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.

Monday, June 6

  • All Day, Eurozone – German Bank Holiday, French Bank Holiday

Tuesday, June 7

  • 12:30 a.m. Australia – Cash Rate, RBA Rate Statement
  • 8:30 a.m. U.S. – Trade Balance
  • 3:00 p.m. U.S. – Consumer Credit m/m

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.

* * * * *

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.

 

Daily Gold News: Friday, June 3 – Gold Broke Above its Recent Highs on Weaker USD

Gold Price Recap

The gold futures contract gained 1.23% on Thursday, June 2, as it broke above its recent trading range. It went the highest since early May on U.S. dollar weakness, among other factors. In mid-May gold fell below the $1,800 level on strengthening U.S. dollar, Fed’s monetary policy tightening fears. This morning yellow metal is trading along yesterday’s closing price, as we can see on the daily chart (the chart includes today’s intraday data):

Precious Metals Price Action

Gold is 0.1% lower this morning, as it is fluctuating within a relatively thin range. What about the other precious metals? Silver is 0.5% higher, platinum is 0.6% higher and palladium is 0.7% lower. So the main precious metals’ prices are mixed this morning.

Fundamentals and Economic News Schedule

Yesterday’ ADP Non-Farm Employment Change release has been lower than expected at only +128,000. Today we will get the important Nonfarm Payrolls release at 8:30 a.m. It is expected at +325,000.

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 today.

Friday, June 3

  • 8:30 a.m. U.S. – Non-Farm Employment Change, Unemployment Rate, Average Hourly Earnings m/m
  • 9:45 a.m. U.S. – Final Services PMI
  • 10:00 a.m. U.S. – ISM Services PMI
  • Tentative, U.S. – Treasury Currency Report
  • All Day, U.K. – Bank Holiday

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.

* * * *

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.

S&P 500 – Just Pausing Before Another Leg Up?

S&P 500 Technical Analysis

The S&P 500 index lost 0.75% on Wednesday, as it retraced its Friday’s advance after bouncing from the local high of around 4,150. On Tuesday the broad stock market went sideways following long holiday weekend, as investors took short-term profits off the table. On May 20 it went to the medium-term low of 3,810.32 and it was 1,008.3 points or 20.9% below the Jan. 4 record high of 4,818.62.

So technically, the broad stock market entered a bear market territory. There’s still a lot of uncertainty and worries about inflation data, tightening Fed’s monetary policy and the Russia-Ukraine conflict. Today, the S&P 500 is expected to open 0.4% higher, so we may see more short-term fluctuations.

The nearest important resistance level is now at around 4,150-4,200, marked by the previous consolidation and the recent local highs. On the other hand, the support level is at around 4,050-4,100. The S&P 500 index broke above its downward trend line recently, as we can see on the daily chart (chart by courtesy of http://stockcharts.com):

Futures Contract – Just a Downward Correction?

Let’s take a look at the hourly chart of the S&P 500 futures contract. It reached the 4,200 level on Monday, before retracing more than 100 points from the short-term local high. For now, it looks like a correction within an uptrend. (chart by courtesy of http://tradingview.com):

Conclusion

We will likely see a higher opening of the S&P 500 index this morning. The broad stock market may extend its short-term consolidation. For now, it looks like a flat correction following last week’s rally. Investors will be waiting for tomorrow’s monthly jobs data release and June 15 FOMC’s interest rate decision. This morning we’ve seen worse than expected ADP Non-Farm Employment Change release.

Here’s the breakdown:

  • The S&P 500 index will likely extend its short-term consolidation this morning
  • The resistance level remains at around 4,150.

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Thank you.

For a look at all of today’s economic events, check out our economic calendar.

Paul Rejczak,

Stock Trading Strategist

Sunshine Profits: Effective Investments through Diligence and Care

* * * * *

The information above represents analyses and opinions of Paul Rejczak & Sunshine Profits’ associates only. As such, it may prove wrong and be subject to change without notice. At the time of writing, we base our opinions and analyses on facts and data sourced from respective essays and their authors. Although formed on top of careful research and reputably accurate sources, Paul Rejczak and his associates cannot guarantee the reported data’s accuracy and thoroughness. The opinions published above neither recommend nor offer any securities transaction. Mr. Rejczak is not a Registered Securities Advisor. By reading his 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, affiliates as well as their family members 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.

 

Daily Gold News: Thursday, June 2 – Gold is Closer to the Recent Highs Again

Gold Price Recap

The gold futures contract gained 0.02% on Wednesday, June 1, as it extended its short-term consolidation along the $1,850 pricve level. There’s still no clear direction. In mid-May gold fell below the $1,800 level on strengthening U.S. dollar, Fed’s monetary policy tightening fears. This morning yellow metal is trading slightly above the $1,850 level, as we can see on the daily chart (the chart includes today’s intraday data):

Precious Metals Price Action

Gold is 0.5% higher this morning, as it continues to trade within a short-term consolidation. What about the other precious metals? Silver is 1.3% higher, platinum is 1.7% higher and palladium is 1.3% higher. So the main precious metals’ prices are higher this morning.

Fundamentals and Economic News Schedule

Yesterday’ important ISM Manufacturing PMI release has been better than expected at 56.1 Today we will get the ADP Non-Farm Employment Change release at 8:15 a.m., among others. The markets will be waiting for tomorrow’s monthly jobs data announcement.

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.

Thursday, June 2

  • 7:30 a.m. U.S. – Challenger Job Cuts y/y
  • 8:15 a.m. U.S. – ADP Non-Farm Employment Change
  • 8:30 a.m. U.S. – Unemployment Claims, Revised Nonfarm Productivity q/q, Revised Unit Labor Costs q/q
  • 10:00 a.m. U.S. – Factory Orders m/m
  • 1:00 p.m. U.S. – FOMC Member Mester Speech
  • All Day – OPEC-JMMC Meetings
  • All Day, U.K. – Bank Holiday
  • All Day, Eurozone – Italian Bank Holiday

Friday, June 3

  • 8:30 a.m. U.S. – Non-Farm Employment Change, Unemployment Rate, Average Hourly Earnings m/m
  • 9:45 a.m. U.S. – Final Services PMI
  • 10:00 a.m. U.S. – ISM Services PMI
  • Tentative, U.S. – Treasury Currency Report
  • All Day, U.K. – Bank Holiday

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.

* * * * *

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.

Daily Gold News: Wednesday, June 1 – Gold is Below $1,850 Price Level Again

Gold Price Recap

The gold futures contract lost 0.48% on Tuesday, May 31, as it continued to fluctuate within a short-term consolidation along the $1,850 price level. In mid-May gold fell below the $1,800 level on strengthening U.S. dollar, Fed’s monetary policy tightening fears. This morning yellow metal is trading below the $1,850 level again, as we can see on the daily chart (the chart includes today’s intraday data):

Precious Metals Price Action

Gold is 0.4% lower this morning, as it is below its recent trading range. What about the other precious metals? Silver is 0.3% higher, platinum is 1.2% higher and palladium is 0.8% higher. So the main precious metals’ prices are mixed this morning.

Fundamentals and Economic News Schedule

Yesterday’ CB Consumer Confidence release has been higher than expected at 106.4. Today we will get the important ISM Manufacturing PMI and JOLTS Job Openings releases 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.

Wednesday, June 1

  • 7:00 a.m. Eurozone – ECB President Lagarde Speech
  • 9:45 a.m. U.S. – Final Manufacturing PMI
  • 10:00 a.m. U.S. – ISM Manufacturing PMI, JOLTS Job Openings
  • 10:00 a.m. Canada – BOC Rate Statement, Overnight Rate
  • 11:30 a.m. U.S. – FOMC Member Williams Speech
  • 1:00 p.m. U.S. – FOMC Member Bullard Speech
  • 2:00 p.m. U.S – Beige Book
  • All Day, China – Bank Holiday

Thursday, June 2

  • 7:30 a.m. U.S. – Challenger Job Cuts y/y
  • 8:15 a.m. U.S. – ADP Non-Farm Employment Change
  • 8:30 a.m. U.S. – Unemployment Claims, Revised Nonfarm Productivity q/q, Revised Unit Labor Costs q/q
  • 10:00 a.m. U.S. – Factory Orders m/m
  • 1:00 p.m. U.S. – FOMC Member Mester Speech
  • All Day – OPEC-JMMC Meetings
  • All Day, U.K. – Bank Holiday
  • All Day, Eurozone – Italian Bank Holiday

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.

* * * * *

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.

 

Daily Gold News: Tuesday, May 31 – Gold Extends its Short-Term Consolidation

Gold Price Recap

The gold futures contract gained 0.35% on Monday, May 30, as it further extended its short-term consolidation along the $1,850 price level. In mid-May gold fell below the $1,800 level on strengthening U.S. dollar, Fed’s monetary policy tightening fears. This morning yellow metal is still trading along the $1,850 level, as we can see on the daily chart (the chart includes today’s intraday data):

Precious Metals Price Action

Gold is 0.4% lower this morning, as it is still trading within a consolidation. What about the other precious metals? Silver is 1.3% lower, platinum is 0.4% higher and palladium is 1.1% higher. So the main precious metals’ prices are lower this morning.

Fundamentals and Economic News Schedule

Yesterday we had relatively low volatility in the markets due to the holiday in the U.S. Today the markets will be waiting for the 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, May 31

  • 8:30 a.m. Canada – GDP m/m
  • 9:00 a.m. U.S. – HPI m/m, S&P/CS Composite-20 HPI y/y
  • 9:45 a.m. U.S. – Chicago PMI
  • 10:00 a.m. U.S. – CB Consumer Confidence
  • 9:30 a.m. Australia – GDP q/q

Wednesday, June 1

  • 7:00 a.m. Eurozone – ECB President Lagarde Speech
  • 9:45 a.m. U.S. – Final Manufacturing PMI
  • 10:00 a.m. U.S. – ISM Manufacturing PMI, JOLTS Job Openings
  • 10:00 a.m. Canada – BOC Rate Statement, Overnight Rate
  • 11:30 a.m. U.S. – FOMC Member Williams Speech
  • 1:00 p.m. U.S. – FOMC Member Bullard Speech
  • 2:00 p.m. U.S – Beige Book
  • All Day, China – Bank Holiday

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.

* * * * *

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.

Daily Gold News: Monday, May 30 – Gold Price Remains Close to $1,850

Gold Price Recap

The gold futures contract gained 0.53% on Friday, May 27, as it continued to fluctuate within a short-term consolidation despite global stock markets’ rally. In mid-May gold fell below the $1,800 level on strengthening U.S. dollar, Fed’s monetary policy tightening fears. This morning yellow metal is trading along the $1,850 level, as we can see on the daily chart (the chart includes today’s intraday data):

Precious Metals Price Action

Gold is 0.1% higher this morning, as it is still trading sideways. What about the other precious metals? Silver is 0.3% lower, platinum is 0.7% higher and palladium is 0.4% higher. So the main precious metals’ prices are mixed this morning.

Fundamentals and Economic News Schedule

Friday’s important Core PCE Price Index release has been as expected at +0.3% m/m. Today we will have a speech from the FOMC Member Waller at 11:00 a.m. Obviously, we should expect low volatility in the markets due to the holiday in the U.S.

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.

Monday, May 30

  • 11:00 a.m. U.S. – FOMC Member Waller Speech
  • All Day, U.S. – Bank Holiday

Tuesday, May 31

  • 8:30 a.m. Canada – GDP m/m
  • 9:00 a.m. U.S. – HPI m/m, S&P/CS Composite-20 HPI y/y
  • 9:45 a.m. U.S. – Chicago PMI
  • 10:00 a.m. U.S. – CB Consumer Confidence
  • 9:30 a.m. Australia – GDP q/q

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.

* * * * *

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.

 

Daily Gold News: Friday, May 27 – More Fluctuations Along the $1,850 Level

Gold Price Recap

The gold futures contract gained 0.07% on Thursday, May 26, as it continued to fluctuate within a short-term consolidation following a rebound from the $1,800 level. Recently gold fell below the $1,800 level on strengthening U.S. dollar, Fed’s monetary policy tightening fears. This morning yellow metal is extending its short-term consolidation, as we can see on the daily chart (the chart includes today’s intraday data):

Precious Metals Price Action

Gold is 0.4% higher this morning, as it is trading above the $1,850 price level. What about the other precious metals? Silver is 1.2% higher, platinum is 0.6% higher and palladium is 1.2% higher. So the main precious metals’ prices are higher this morning.

Fundamentals and Economic News Schedule

Yesterday’s Preliminary GDP release has been worse than expected at -1.5%. Today we will get the important Core PCE Price Index 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 today.

Friday, May 27

  • 7:35 a.m. U.S. – FOMC Member Bullard Speech
  • 8:30 a.m. U.S. – Core PCE Price Index m/m, Goods Trade Balance, Personal Income m/m, Personal Spending m/m, Preliminary Wholesale Inventories m/m
  • 10:00 a.m. U.S. – Revised UoM Consumer Sentiment, Revised UoM Inflation Expectations

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.

* * * * *

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.

Daily Gold News: Thursday, May 26 – Gold Price Went Back to $1,850 Level Again

Gold Price Recap

The gold futures contract lost 1.02% on Wednesday, May 25, as it retraced its Tuesday’s gain of around 1.0%. Recently gold fell below the $1,800 level on strengthening U.S. dollar, Fed’s monetary policy tightening fears. This morning yellow metal is extending its yesterday’s decline, as we can see on the daily chart (the chart includes today’s intraday data):

Precious Metals Price Action

Gold is 0.6% lower this morning, as it is trading close to the $1,850 price level again. What about the other precious metals? Silver is 0.5% lower, platinum is 0.4% lower and palladium is 0.2% lower. So the main precious metals’ prices are lower this morning.

Fundamentals and Economic News Schedule

Yesterday’s Durable Goods Orders release has been lower than expected at +0.4%. Today we will get the important Preliminary 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.

Thursday, May 26

  • 8:30 a.m. U.S. – Preliminary GDP q/q, Unemployment Claims
  • 10:00 a.m. U.S. – Pending Home Sales m/m
  • All Day, Eurozone – French Bank Holiday, German Bank Holiday

Friday, May 27

  • 7:35 a.m. U.S. – FOMC Member Bullard Speech
  • 8:30 a.m. U.S. – Core PCE Price Index m/m, Goods Trade Balance, Personal Income m/m, Personal Spending m/m, Preliminary Wholesale Inventories m/m
  • 10:00 a.m. U.S. – Revised UoM Consumer Sentiment, Revised UoM Inflation Expectations

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.

* * * * *

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.

 

Daily Gold News: Wednesday, May 25 – Precious Metals Retrace Their Recent Advance

Gold Price Forecast

The gold futures contract gained 0.95% on Tuesday, May 24, as it extended its short-term uptrend. The market retraced more of the recent downtrend after bouncing from last Monday’s new medium-term low of $1,785.00. Recently gold retraced all of the February-March rally on strengthening U.S. dollar, Fed’s monetary policy tightening fears. So it went back to the $1,800 level where it’s been fluctuating for months in 2021. This morning yellow metal is retracing its yesterday’s advance, as we can see on the daily chart (the chart includes today’s intraday data):

Precious Metals Price Action

Gold is 0.8% lower this morning, as it is trading along the $1,850 price level. What about the other precious metals? Silver is 1.5% lower, platinum is 1.5% lower and palladium is 0.6% lower. So the main precious metals’ prices are lower this morning.

Fundamentals and Economic News Schedule

Yesterday’s Flash Manufacturing PMI, Flash Services PMI, New Home Sales and Richmond Manufacturing Index releases have been worse than expected. Today we will get the important FOMC Meeting Minutes release at 2:00 p.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.

Wednesday, May 25

  • 4:00 a.m. Eurozone – ECB President Lagarde Speech
  • 8:30 a.m. U.S. – Durable Goods Orders m/m, Core Durable Goods Orders m/m
  • 12:15 p.m. U.S. – FOMC Member Brainard Speech
  • 2:00 p.m. U.S. – FOMC Meeting Minutes
  • Tentative, Japan – BOJ Governor Kuroda Speech
  • Tentative, Eurozone – ECB Financial Stability Review

Thursday, May 26

  • 8:30 a.m. U.S. – Preliminary GDP q/q, Unemployment Claims
  • 10:00 a.m. U.S. – Pending Home Sales m/m
  • All Day, Eurozone – French Bank Holiday, German Bank Holiday

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.

* * * * *

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.

 

Daily Gold News: Tuesday, May 24 – Gold Price Fluctuates Along $1,850

Gold Price Forecast

The gold futures contract gained 0.31% on Monday, May 23, as it extended its last week’s advance. The market retraced some of the recent downtrend after bouncing from the last Monday’s new medium-term low of $1,785.00. Recently gold retraced all of the February-March rally on strengthening U.S. dollar, Fed’s monetary policy tightening fears. So it went back to the $1,800 level where it’s been fluctuating for months in 2021. This morning yellow metal is trading above the $1,850 level, as we can see on the daily chart (the chart includes today’s intraday data):

Precious Metals Price Action

Gold is 0.3% higher this morning, as it is trading within yesterday’s daily price range. What about the other precious metals? Silver is 0.6% higher, platinum is 0.3% lower and palladium is 0.9% higher. So the main precious metals’ prices are higher this morning.

Fundamentals and Economic News Schedule

Today we will get the Flash Manufacturing PMI, Flash Services PMI, New Home Sales and Richmond Manufacturing Index releases. We will also have speeches from the Fed Chair Powell and ECB President Lagarde.

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, May 24

  • 3:30 a.m. Eurozone – German Flash Manufacturing PMI, German Flash Services PMI
  • 9:45 a.m. U.S. – Flash Manufacturing PMI, Flash Services PMI
  • 10:00 a.m. U.S. – New Home Sales, Richmond Manufacturing Index
  • 12:20 p.m. U.S. – Fed Chair Powell Speech
  • 2:00 p.m. Eurozone – ECB President Lagarde Speech
  • All Day, Eurozone – ECOFIN Meetings

Wednesday, May 25

  • 4:00 a.m. Eurozone – ECB President Lagarde Speech
  • 8:30 a.m. U.S. – Durable Goods Orders m/m, Core Durable Goods Orders m/m
  • 12:15 p.m. U.S. – FOMC Member Brainard Speech
  • 2:00 p.m. U.S. – FOMC Meeting Minutes
  • Tentative, Japan – BOJ Governor Kuroda Speech
  • Tentative, Eurozone – ECB Financial Stability Review

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.

* * * * *

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.

Daily Gold News: Monday, May 23 – Gold Extends its Short-Term Advance

Gold Price Recap

The gold futures contract gained 0.05% on Friday, May 20, as it fluctuated following its Thursday’s advance of 1.4%. The market retraced some of the recent declines after bouncing from its last Monday’s new medium-term low of $1,785.00. Recently gold retraced all of the February-March rally on strengthening U.S. dollar, Fed’s monetary policy tightening fears. So it went back to the $1,800 level where it’s been fluctuating for months in 2021. This morning yellow metal is trading higher after breaking above the $1,850 level, as we can see on the daily chart (the chart includes today’s intraday data):

Precious Metals Price Action

Gold is 0.7% higher this morning, as it is trading above the $1,850 price level. What about the other precious metals? Silver is 1.5% higher, platinum is 2.0% higher and palladium is 3.9% higher. So the main precious metals’ prices are higher this morning.

Fundamentals and Economic News Schedule

Today we won’t get any new important economic data releases. The markets will be waiting for tomorrow’s Fed Chair Powell speech, 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.

Monday, May 23

  • 4:00 a.m. Eurozone – German ifo Business Climate
  • 12:15 p.m. U.K. – BOE Governor Bailey Speech
  • 7:00 p.m. U.S. – FOMC Member George Speech
  • All Day, Eurozone – Eurogroup Meetings
  • All Day, Canada – Bank Holiday

Tuesday, May 24

  • 3:30 a.m. Eurozone – German Flash Manufacturing PMI, German Flash Services PMI
  • 9:45 a.m. U.S. – Flash Manufacturing PMI, Flash Services PMI
  • 10:00 a.m. U.S. – New Home Sales, Richmond Manufacturing Index
  • 12:20 p.m. U.S. – Fed Chair Powell Speech
  • 2:00 p.m. Eurozone – ECB President Lagarde Speech
  • All Day, Eurozone – ECOFIN Meetings

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.

* * * * *

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.

Daily Gold News: Friday, May 20 – Gold Price Broke Above Short-Term Trading Range

Gold Price Recap

The gold futures contract gained 1.39% on Thursday, May 19, as it broke above its short-term trading range after bouncing from the $1,800 price level again. On Monday the market reached new local low of $1,785.00, but it closed above the $1,800 level. Gold retraced almost all of the February-March rally on strengthening U.S. dollar, Fed’s monetary policy tightening fears. So it went back to the $1,800 level where it’s been fluctuating for months in 2021. This morning yellow metal is trading along its yesterday’s closing price, as we can see on the daily chart (the chart includes today’s intraday data):

Precious Metals Price Action

Gold is 0.2% higher this morning, as it is trading closer to the $1,850 price level. It broke above a short-term consolidation following month-long decline. What about the other precious metals? Silver is 0.4% higher, platinum is 0.3% higher and palladium is 0.3% lower. So the main precious metals’ prices are slightly higher this morning.

Fundamentals and Economic News Schedule

Yesterday’s Unemployment Claims release has been higher than expected at 218,000. Today we won’t get any new important economic data releases.

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 today.

Friday, May 20

  • All Day, Australia – Parliamentary Elections

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

* * * * *

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.

 

Daily Gold News: Thursday, May 19 – Gold Price Extends Consolidation

Gold Price Recap

The gold futures contract lost 0.16% on Wednesday, May 18, as it continued to fluctuate following the recent declines. On Monday the market reached new local low of $1,785.00, but it closed above the $1,800 level. Gold retraced almost all of the February-March rally on strengthening U.S. dollar, Fed’s monetary policy tightening fears. It went back to the $1,800 level where it’s been fluctuating for months in 2021. This morning yellow metal is trading closer to the recent local highs, still within a short-term consolidation, as we can see on the daily chart (the chart includes today’s intraday data):

Precious Metals Price Action

Gold is 0.7% higher this morning, as it is bouncing from the $1,800 price level. It is still trading within a short-term consolidation following a month-long decline. What about the other precious metals? Silver is 1.1% higher, platinum is 0.4% higher and palladium is 0.8% lower. So the main precious metals’ prices are higher this morning.

Fundamentals and Economic News Schedule

Yesterday’s Housing Starts release has been slightly lower than expected at 1.72M, and the Building Permits release has been slightly higher than expected at 1.82M. Today we will get the Unemployment Claims, Philly Fed Manufacturing Index, Existing Home Sales and CB Leading Index releases.

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.

Thursday, May 19

  • 8:30 a.m. U.S. – Unemployment Claims, Philly Fed Manufacturing Index
  • 10:00 a.m. U.S. – Existing Home Sales, CB Leading Index m/m

Friday, May 20

  • All Day, Australia – Parliamentary Elections

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.

* * * * *

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.

 

Daily Gold News: Wednesday, May 18 – Gold Price Remains Close to $1,800

Gold Price Recap

The gold futures contract gained 0.27% on Tuesday, May 17, as it retraced some of the recent decline. On Monday the market reached the new local low of $1,785.00, but it closed above the $1,800 level. Gold retraced almost all of the February-March rally on strengthening U.S. dollar, Fed’s monetary policy tightening fears. It went back to the $1,800 level where it’s been fluctuating for months in 2021. This morning yellow metal is trading within a short-term consolidation, as we can see on the daily chart (the chart includes today’s intraday data):

Precious Metals Price Action

Gold is 0.2% lower this morning, as it remains close to the $1,800 price level. It is trading within a short-term consolidation following a month-long decline. What about the other precious metals? Silver is 0.3% lower, platinum is 1.0% higher and palladium is 0.4% higher. So the main precious metals’ prices are slightly lower this morning.

Fundamentals and Economic News Schedule

Yesterday’s Retail Sales release has been slightly lower than expected at +0.9% (expected +1.0% m/m). Today we will get the Housing Starts, Building Permits releases at 8:30 a.m.

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, May 18

  • 8:30 a.m. U.S. – Housing Starts, Building Permits
  • 8:30 a.m. Canada – CPI m/m
  • 9:30 p.m. Australia – Employment Change, Unemployment Rate
  • Tentative, Eurozone – ECB Financial Stability Review

Thursday, May 19

  • 8:30 a.m. U.S. – Unemployment Claims, Philly Fed Manufacturing Index
  • 10:00 a.m. U.S. – Existing Home Sales, CB Leading Index m/m

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.

* * * * *

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.

 

Daily Gold News: Tuesday, May 17 – Gold Bounces From the $1,800 Level

Gold Price Recap

The gold futures contract gained 0.32% on Monday, May 16, as it fluctuated following its recent declines. The market reached the new local low of $1,785.00, but it closed above the $1,800 level again. Gold retraced almost all of the February-March rally on strengthening U.S. dollar, Fed’s monetary policy tightening fears. It went back to the $1,800 level where it’s been fluctuating for months in 2021. This morning yellow metal is trading higher following U.S. dollar weakness, as we can see on the daily chart (the chart includes today’s intraday data):

Precious Metals Price Action

Gold is 0.2% higher this morning after bouncing from the $1,800 price level. It is trading along its recent daily highs. What about the other precious metals? Silver is 0.5% higher, platinum is 1.1% higher and palladium is 0.1% lower. So the main precious metals’ prices are higher this morning.

Fundamentals and Economic News Schedule

Yesterday’s Empire State Manufacturing Index release has been worse than expected at -11.6 (exp. 15.3). Today we will get the important Retail Sales release at 8:30 a.m., Industrial Production release at 8:15 a.m. and the Fed Chair Powell’s speech at 2:00 p.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, May 17

  • 8:00 a.m. U.S. – FOMC Member Bullard Speech
  • 8:30 a.m. U.S. – Retail Sales m/m, Core Retail Sales 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, NAHB Housing Market Index
  • 1:00 p.m. Eurozone – ECB President Lagarde Speech
  • 2:30 p.m. U.S. – Fed Chair Powell Speech
  • 2:30 p.m. U.S. – FOMC Member Mester Speech

Wednesday, May 18

  • 8:30 a.m. U.S. – Housing Starts, Building Permits
  • 8:30 a.m. Canada – CPI m/m
  • 9:30 p.m. Australia – Employment Change, Unemployment Rate
  • Tentative, Eurozone – ECB Financial Stability Review

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.

* * * * *

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.

 

Daily Gold News: Monday, May 16 – Gold Price is at $1,800 Again

Gold Price Recap

The gold futures contract lost 0.90% on Friday, May 13, following its Thursday’s decline of 1.6%, as it further extended its downtrend. The market retraced almost all of the February-March rally and broke below the $1,800 level on strengthening U.S. dollar, Fed’s monetary policy tightening fears. Gold price went back to the $1,800 where it’s been fluctuating for months in 2021. This morning yellow metal is trading along its Friday’s closing price after bouncing from the new local low, as we can see on the daily chart (the chart includes today’s intraday data):

Precious Metals Price Action

Gold is 0.3% lower this morning, as it is trading along the $1,800 price level. What about the other precious metals? Silver is 0.1% higher, platinum is 0.7% lower and palladium is 1.1% lower. So the main precious metals’ prices are mixed this morning.

Fundamentals and Economic News Schedule

Friday’s Michigan Sentiment release has been worse than expected at 59.1 vs. the expectations of 64.1. Today we will get the Empire State Manufacturing Index release at 8:30 a.m. Investors will be waiting for tomorrow’s Retail Sales release and the important Fed Chair Powell speech.

The markets will 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.

Monday, May 16

  • 5:00 a.m. Eurozone – EU Economic Forecasts
  • 8:30 a.m. U.S. – Empire State Manufacturing Index
  • 8:55 a.m. U.S. – FOMC Member Williams Speech
  • 4:00 p.m. U.S. – TIC Long-Term Purchases
  • 9:30 p.m. Australia – Monetary Policy Meeting Minutes

Tuesday, May 17

  • 8:00 a.m. U.S. – FOMC Member Bullard Speech
  • 8:30 a.m. U.S. – Retail Sales m/m, Core Retail Sales 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, NAHB Housing Market Index
  • 1:00 p.m. Eurozone – ECB President Lagarde Speech
  • 2:30 p.m. U.S. – Fed Chair Powell Speech
  • 2:30 p.m. U.S. – FOMC Member Mester Speech

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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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.