Daily Gold News: Low Volatility Ahead of New Year Break
The gold futures contract gained 0.56% on Wednesday, as it extended its two-week-long consolidation. In late November the market has reached a new low after breaking below the local lows along $1,850 price level. Since then it has been retracing the decline, as we can see on the daily chart ( the chart includes today’s intraday data ):
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Gold is 0.1% lower this morning, as it is trading along yesterday’s daily closing price. What about the other precious metals? Silver gained 1.36% on Wednesday and today it is 0.9% lower. Platinum gained 1.50% and today it is 0.5% higher. Palladium gained 1.45% yesterday and today it’s 1.0% higher. So precious metals are higher this morning .
Yesterday’s Chicago PMI release has been better than expected at 59.5. Today we will get the Unemployment Claims number at 8:30 a.m.
Below you will find our Gold, Silver, and Mining Stocks economic news schedule for today:
Thursday, December 31
- 8:30 a.m. U.S. – Unemployment Claims
- All Day, Eurozone – German Bank Holiday
- All Day, Japan – Bank Holiday
- All Day, China – Bank Holiday
- All Day, Australia – Bank Holiday
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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