Gold Price Recap
The gold futures contract lost lost 1.98% on Monday, Apr. 25, as it extended its short-term downtrend following Friday’s decline of 0.7%. The market is still reacting to the strenghtening U.S. dollar, Fed’s monetary policy tightening plans, among other factors. This morning the yellow metal is retracing some of 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 0.5% higher this morning, as it is trading slightly above the $1,900 level. What about the other precious metals? Silver is 0.5% higher, platinum is 0.3% higher and palladium is 1.6% higher. So the main precious metals’ prices are higher this morning.
Gold Fundamental Analysis and Economic News Schedule
Today we will get the Durable Goods Orders, CB Consumer Confidence and New Home Sales releases, among others.
The markets will continue to react to the ongoing Russia-Ukraine war news.
Tuesday, April 26
- 8:30 a.m. U.S. – Durable Goods Orders m/m, Core Durable Goods Orders m/m
- 9:00 a.m. U.S. – HPI m/m, S&P/CS Composite-20 HPI y/y
- 10:00 a.m. U.S. – CB Consumer Confidence, New Home Sales, Richmond Manufacturing Index
- 9:30 p.m. Australia – CPI q/q
Wednesday, April 27
- 8:30 a.m. U.S. – Goods Trade Balance, Preliminary Wholesale Inventories m/m
- 10:00 a.m. U.S. – Pending Home Sales m/m
- Tentative, Japan – BOJ Outlook Report, Monetary Policy Statement, BOJ Policy Rate
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