Gold as an investment

Daily Gold News: Monday, June 27 – Gold is Closer to the $1,850 Price Level Again

Sep 24, 2022

Gold Price Recap

The gold futures contract gained 0.03% on Friday, June 24, as it further extended its short-term consolidation along the $1,800-1,850 price level. The market went sideways despite the previous week’s important FOMC’s release. This morning gold is trading higher, as we can see on the daily chart (the chart includes today’s intraday data):

Gold is 0.5% higher this morning, as it is trading closer to the $1,850 price level again. What about the other precious metals? Silver is 1.6% higher, platinum is 0.3% higher and palladium is 3.0% higher. So the main precious metals’ prices are higher this morning.

Fundamentals and Economic News Schedule

Friday’s UoM Consumer Sentiment release has been as expected at 50.0 and the New Home Sales release has been better than expected at 696,000. Today we will get the Durable Goods Orders and Pending Home Sales 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, June 27

  • 8:30 a.m. U.S. – Durable Goods Orders m/m, Core Durable Goods Orders m/m
  • 10:00 a.m. U.S. – Pending Home Sales m/m
  • 1:30 p.m. Eurozone – ECB President Lagarde Speech
  • All Day – G7 Meetings

Tuesday, June 21

  • 4:00 a.m. Eurozone – ECB President Lagarde Speech
  • 8:30 a.m. U.S. – Goods Trade Balance, Preliminary Wholesale Inventories m/m
  • 9:00 a.m. U.S. – HPI m/m, SP/CS Composite-20 HPI y/y
  • 10:00 a.m. U.S. – CB Consumer Confidence, Richmond Manufacturing Index
  • All Day – G7 Meetings

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.

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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.

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