Daily Gold News: Tuesday, Apr. 20 – Gold’s Consolidation Following Recent Advance

The gold futures contract lost 0.54% on Monday, as it retraced some of its recent advance. Early in the month the market has bounced from the support level marked by March 8 local low of $1,663.30. In early March yellow metal’s price was the lowest since last year’s June. Today gold is trading along yesterday’s closing price, as we can see on the daily chart (the chart includes today’s intraday data):

Gold is 0.04% lower this morning, as it is fluctuating following last week’s advance. What about the other precious metals? Silver is 0.2% higher, platinum is 1.9% lower and palladium is 2.1% lower today. So precious metals are mixed this morning.

Today we won’t get any new important economic data releases. The markets will be waiting for Thursday’s ECB ’s Monetary Policy Statement announcement.

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

Tuesday, April 20

  • No important economic data announcements

Wednesday, April 21

  • 10:00 a.m. Canada – BOC Rate Statement, BOC Monetary Policy Report, Overnight Rate

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

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

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