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Daily Gold News: Monday, July 4 – Gold Remains Close to $1,850 Price Level

·3 minuto per la lettura

Gold Price Recap

The gold futures contract lost 0.32% on Friday, July 1, as it extended its consolidation along the $1,800 price level. On Friday it fell to the new medium-term low of $1,783.40, before bouncing and breaking above the $1,800 level again. The yellow metal’s price reacted to stregthening U.S. dollar, among other factors. This morning it is trading slightly above the $1,800 level, as we can see on the daily chart (the chart includes today’s intraday data):

Precious Metals Price Action

Gold is 0.2% lower this morning, as it is trading within a relatively narrow range due to the long holiday weekend in the U.S. What about the other precious metals? Silver is 0.3% lower, platinum is 0.8% lower and palladium is 0.2% lower. So the main precious metals’ prices are slightly lower this morning.

Fundamentals and Economic News Schedule

Friday’s ISM Manufacturing PMI release has been worse than expected at 53.0, and today we won’t get any new important economic data releases.

The markets will still continue to react to the ongoing Russia-Ukraine war news.

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

Monday, July 4

  • 10:30 a.m. Canada – BOC Business Outlook Survey

  • All Day, U.S. – Bank Holiday

Tuesday, July 5

  • 12:30 a.m. Australia – Cash Rate, RBA Rate Statement

  • 6:00 a.m. U.K. – BOE Governor Bailey Speech

  • 10:00 a.m. U.S. – Factory Orders m/m

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

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

* * * * *


All essays, research and information found above represent analyses and opinions of Paul Rejczak and Sunshine Profits’ associates only. As such, it may prove wrong and be a subject to change without notice. Opinions and analyses were based on data available to authors of respective essays at the time of writing. Although the information provided above is based on careful research and sources that are believed to be accurate, Paul Rejczak and his associates do not guarantee the accuracy or thoroughness of the data or information reported.

The opinions published above are neither an offer nor a recommendation to purchase or sell any securities. Mr. Rejczak is not a Registered Securities Advisor. By reading Paul Rejczak’s reports you fully agree that he will not be held responsible or liable for any decisions you make regarding any information provided in these reports. Investing, trading and speculation in any financial markets may involve high risk of loss. Paul Rejczak, Sunshine Profits’ employees and affiliates as well as members of their families may have a short or long position in any securities, including those mentioned in any of the reports or essays, and may make additional purchases and/or sales of those securities without notice.


This article was originally posted on FX Empire


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