Daily Gold News: Wednesday, Apr. 14 – Golds Consolidation Despite Rallying Stocks, Cryptos

The gold futures contract gained 0.86% on Tuesday, as it fluctuated within a short-term consolidation despite rallying stock market, cryptocurrencies. The market has bounced from the support level marked by March 8 local low of $1,763.30. In early March yellow metal‘s price was the lowest since last year’s June. Today gold is trading along yesterday‘s daily close, as we can see on the daily chart (the chart includes today’s intraday data):

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Gold is 0.2% lower this morning, as it is trading within a relatively small daily range. What about the other precious metals？ Silver is 0.04% higher, platinum is 1.9% higher and palladium is 0.2% lower today. So precious metals are mixed this morning.

Yesterdays CPI release has been slightly higher than expected at +0.6%. Today the markets will be waiting for the Fed Chair Powellspeech at 12:00 p.m.

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

Wednesday, April 14

• 10:00 a.m. Eurozone – ECB President Lagarde Speech

• 12:00 p.m. U.S. – Fed Chair Powell Speech

• 2:00 p.m. U.S. – Beige Book

• 2:30 p.m. U.S. – FOMC Member Williams Speech

• 3:45 p.m. U.S. – FOMC Member Clarida Speech

• 4:00 p.m. U.S. – FOMC Member Bostic Speech

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

Thursday, April 15

• 8:30 a.m. U.S. – Retail Sales m/m, Core Retail Sales m/m, Philly Fed Manufacturing Index, Unemployment Claims

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

• 10:00 a.m. U.S. – Business Inventories m/m, NAHB Housing Market Index

• 11:30 a.m. U.S. – FOMC Member Bostic Speech

• 2:00 p.m. U.S. – FOMC Member Daly Speech

• 10:00 p.m. China – GDP q/y

For a look at all of todays 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.

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