Gold

Daily Gold News: Wednesday, Apr. 21 – Gold Remains Below $1,800 Price Level

The gold futures contract gained 0.44% on Tuesday, as it fluctuated following 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 0.2% higher this morning, as it continues to fluctuate following last week’s advance. What about the other precious metals? Silver is 0.4% higher, platinum is 0.3% higher and palladium is 1.4% higher today. So precious metals are slightly higher this morning.

Today we won’t get any new important economic data releases. The markets will be waiting for tomorrow’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:

Wednesday, April 21

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

Thursday, April 22

  • 7:45 a.m. Eurozone – Monetary Policy Statement, Main Refinancing Rate
  • 8:30 a.m. Eurozone – ECB Press Conference
  • 8:30 a.m. U.S. – Unemployment Claims
  • 10:00 a.m. U.S. – CB Leading Index m/m, Existing Home Sales

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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