Daily Gold News: Thursday, Oct. 14 – Gold Advances to $1,800 After U.S. Inflation Data – Yahoo Finance

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The gold futures contract gained 2.01% on Wednesday, as it broke above its two-week-long consolidation along the $1,750 price level. The market reacted to higher than expected Consumer Price Index release, among other factors. This morning gold is trading along the $,1800 price level, as we can see on the daily chart (the chart includes today’s intraday data):

Today gold is 0.4% higher, as it is slightly extending its yesterday’s rally. What about the other precious metals? Silver is 1.2% higher, platinum is 1.5% higher and palladium is 3.5% higher. So precious metals’ prices are higher again this morning.

Yesterday’s Consumer Price Index release has been higher than expected at +0.4% vs. the forecast number of +0.3%. Today we will get the Producer Price Index and the Unemployment Claims releases.

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

Thursday, October 14

  • 8:30 a.m. U.S. – PPI m/m, Core PPI m/m, Unemployment Claims

  • 10:00 a.m. U.S. – FOMC Member Bostic Speech

  • 1:00 p.m. U.S. – FOMC Member Barkin Speech

Friday, October 15

  • 8:30 a.m. U.S. – Retail Sales m/m, Core Retail Sales m/m, Empire State Manufacturing Index

  • 10:00 a.m. U.S. – Preliminary UoM Consumer Sentiment, Business Inventories m/m, Preliminary UoM Inflation Expectations

  • 12:20 p.m. U.S. – FOMC Member Williams Speech

  • All Day – IMF Meetings

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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This article was originally posted on FX Empire


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