The gold futures contract lost 0.11% on Tuesday, as it fluctuated following the recent advances. The market extended its short-term uptrend from last Monday’s local low of 1,675.90 and it got close to $1,800 privce level. Gold has retraced more of its previous Friday’s-Monday’s sell-off. This morning gold is trading sideways, as we can see on the daily chart (the chart includes today’s intraday data):
Today gold is 0.1% lower, as it is still trading below $1,800 price level. What about the other precious metals? Silver is 0.1% higher, platinum is 0.6% higher and palladium is 0.5% higher. So precious metals’ prices are mixed this morning.
Yesterday’s Retail Sales release has been worse than expected at -1.1%. Today we will get the FOMC Meeting Minutes release at 2:00 p.m. We will also have Building Permits, Housing Starts releases.
Below you will find our Gold, Silver, and Mining Stocks economic news schedule for the next two trading days:
Wednesday, August 18
- 8:30 a.m. U.S. – Building Permits, Housing Starts
- 8:30 a.m. Canada – CPI m/m
- 2:00 p.m. U.S. – FOMC Meeting Minutes
- 9:30 p.m. Australia – Employment Change, Unemployment Rate
Thursday, August 19
- 8:30 a.m. U.S. – Philly Fed Manufacturing Index, Unemployment Claims
- 10:00 a.m. U.S. – CB Leading Index m/m
For a look at all of today’s economic events, check out our economic calendar.
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