Daily Gold News: Wednesday, July 21 – Gold Remains Close to $1,800

The gold futures contract gained 0.12% on Tuesday, as it fluctuated following its recent advances. Last week on Thursday, the market has reached a local high of $1,835. Since then it has been consolidating along the price level of $1,800. This morning gold is trading below yesterday’s closing price, as we can see on the daily chart (the chart includes today’s intraday data):

Today gold is 0.5% lower, as it is extending a short-term consolidation along $1,800 price level. What about the other precious metals? Silver is 0.8% higher, platinum is 0.8% higher and palladium is 0.8% higher. So precious metals’ prices are mixed this morning.

Yesterday’s Building Permits, Housing Starts releases have been mixed. Today we won’t get any new important economic data announcements. The markets will be waiting for tomorrow’s European Central Bank’s Monetary Policy Statement release, among others.

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

Wednesday, July 21

  • All Day, Japan – Bank Holiday

Thursday, July 22

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

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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