The gold futures contract lost 0.69% on Monday, as it retraced some of the recent rebound. The market has bounced from the support level marked by March 8 local low of $1,763.30. In early March yellow metal’s price was the lowest since last year’s June. Today gold is trading along yesterday’s daily close, as we can see on the daily chart (the chart includes today’s intraday data):
Gold is 0.2% lower this morning, as it is trading within a relatively small daily range. What about the other precious metals? Silver is 0.6% higher, platinum is 0.3% lower and palladium is 0.8% higher today. So precious metals are mixed this morning.
The markets will be waiting for today’s CPI release . The expected number is at +0.5%.
Below you will find our Gold, Silver, and Mining Stocks economic news schedule for the next two trading days:
Tuesday, April 13
5:00 a.m. Eurozone – German ZEW Economic Sentiment
6:00 a.m. U.S. – NFIB Small Business Index
8:30 a.m. U.S. – CPI m/m, Core CPI m/m
1:01 p.m. U.S. – 30-y Bond Auction
Wednesday, April 14
10:00 a.m. Eurozone – ECB President Lagarde Speech
12:00 p.m. U.S. – Fed Chair Powell Speech
2:00 p.m. U.S. – Beige Book
2:30 p.m. U.S. – FOMC Member Williams Speech
3:45 p.m. U.S. – FOMC Member Clarida Speech
4:00 p.m. U.S. – FOMC Member Bostic Speech
9:30 p.m. Australia – Employment Change, Unemployment Rate
For a look at all of today’s economic events, check out our economic calendar.
Stock Selection Strategist
Sunshine Profits: Analysis. Care. Profits.
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This article was originally posted on FX Empire