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Daily Gold News: Thursday, Apr. 22 – Gold Still Below $1,800 Price Level

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Paul Rejczak
·3 min read
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The gold futures contract gained 0.83% on Wednesday, as it extended 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 retracing some of the advance, as we can see on the daily chart (the chart includes today’s intraday data):

Gold is 0.6% lower this morning, as it is trading along the recent local highs. What about the other precious metals? Silver is 1.0% lower, platinum is 1.0% lower and palladium is 0.7% lower today. So precious metals are lower this morning.

The markets will be waiting for today’s ECB ’s Monetary Policy Statement announcement at 7:45 a.m. and their Press Conference at 8:30 a.m. We will also have the U.S. Unemployment Claims release at 8:30 a.m.

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

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

Friday, April 23

  • 3:15 a.m. Eurozone – French Flash Services PMI, French Flash Manufacturing PMI

  • 3:30 a.m. Eurozone – German Flash Manufacturing PMI, German Flash Services PMI

  • 4:00 a.m. Eurozone – Flash Manufacturing PMI, Flash Services PMI

  • 9:45 a.m. U.S. – Flash Manufacturing PMI, Flash Services PMI

  • 10:00 a.m. U.S. – New 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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Disclaimer

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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