gold investment, silver investment


Daily Gold News: Friday, September 25 - Gold's Short-Term Consolidation Following Recent Declines

September 25, 2020, 7:16 AM Paul Rejczak

The gold futures contract gained 0.45% on Thursday, as it fluctuated following the decline after breaking below the price level of $1,900. The market reached the lowest since late July. Gold keeps retracing its rally from around $1,800 to August 7 record high of $2,089.20 in reaction to U.S. dollar rally, among other factors. Gold also broke below its mid-August local low, as we can see on the daily chart (the chart includes today's intraday data):

Gold is 0.5% lower this morning, as it is trading within yesterday's daily trading range. What about the other precious metals? Silver gained 0.39% on Thursday and today it is 2.0% lower. Platinum lost 0.59% and today it is 1.1% lower. Palladium lost 1.39% yesterday and today it's 2.0% lower. So precious metals are extending their downtrend this morning.

Yesterday's Unemployment Claims release has been slightly worse than expected at 870,000 and the New Home Sales number has been better than expected at 1,011 million. The main stock market indexes went sideways following the recent decline.

Today we will get the Durable Goods Orders release at 8:30 a.m.

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

Friday, September 25

  • 8:30 a.m. U.S. - Durable Goods Orders m/m, Core Durable Goods Orders m/m
  • 3:10 p.m. U.S. - FOMC Member Williams Speech

Thank you for reading today's quick gold news guide. If you enjoyed it, we invite you to read also our other gold market analyses. This includes our free Fundamental Gold Reports as well as premium Gold & Silver Trading Alerts with clear buy and sell signals and weekly premium Gold Investment Updates. If you're not ready to subscribe to our premium services, a great way to check them out (also the premium services - free for 7 days!), is to sign up for our no-obligation free gold newsletter. We'll only ask to whom (just the first name) and to what e-mail address we should be sending our analyses. Sign up today.

Paul Rejczak
Stock Selection Strategist
Sunshine Profits: Analysis. Care. Profits.

Did you enjoy the article? Share it with the others!

Gold Alerts


Dear Sunshine Profits,

gold and silver investors
menu subelement hover background