Daily Gold News: Tuesday, Sep. 14 – Gold Continues to Fluctuate Along $1,800 – Yahoo Finance

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The gold futures contract gained 0.13% on Monday as it continued to fluctuate following last week’s Tuesday’s decline of almost 2%. The yellow metal has retraced all of its recent advance and it fell back below the $1,800 price level. It reacted to the strengthening U.S. dollar, among other factors. This morning gold is trading below the price level of $1,800 again, as we can see on the daily chart (the chart includes today’s intraday data):

Today gold is 0.4% lower, as it is still trading within a short-term consolidation following the mentioned decline from the recent local highs. What about the other precious metals? Silver is 0.6% lower, platinum is 1.8% lower and palladium is 2.3% lower. So precious metals’ prices are lower this morning.

Yesterday we didn’t get any new important economic data releases. Investors will be waiting for today’s Consumer Price Index release. The forecast number is +0.4% m/m for the CPI and +0.3% m/m for the Core CPI.

Below you will find our Gold, Silver, and Mining Stocks economic news schedule for today:

Tuesday, September 14

  • 6:00 a.m. U.S. – NFIB Small Business Index

  • 8:30 a.m. U.S. – CPI m/m, Core CPI m/m

  • 10:00 p.m. China – Retail Sales y/y

Wednesday, September 15

  • 8:30 a.m. U.S. – Empire State Manufacturing Index, Import Prices m/m

  • 8:30 a.m. Canada – CPI m/m, Common CPI y/y, Median CPI y/y, Trimmed CPI y/y, Core CPI m/m

  • 9:15 a.m. U.S. – Industrial Production m/m, Capacity Utilization Rate

  • 9:30 p.m. Australia – Employment Change, Unemployment Rate

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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