gold investment, silver investment


Daily Gold News: Monday, September 14 - Gold's Low Volatility, Markets Waiting for Wednesday's Fed Talk

September 14, 2020, 7:10 AM Paul Rejczak

The gold futures contract lost 0.83% on Friday, as it continued to trade within a consolidation along $1,950-2,000. The market retraced most of the recent decline from September 1 local high of $2,001.20 on Thursday, before going back below $1,950. Gold price is trading within an over month-long consolidation, as we can see on the daily chart:

Gold is 0.2% higher this morning, as it is trading within its Friday's range. What about the other precious metals? Silver lost 1.59% on Friday and today it is 0.4% higher. Platinum lost 0.15% and today it is 1.2% higher. Palladium was unchanged on Friday and today it's 0.1% lower. So precious metals are mixed this morning.

Friday's Consumer Price Index release has been slightly higher than expected. Today we won't get any important economic data releases and the financial markets will be waiting for Wednesday's FOMC Statement release.

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

Monday, September 14

  • 10:00 p.m. China - Fixed Asset Investment ytd/y, Industrial Production y/y, Retail Sales y/y, Unemployment Rate

Tuesday, September 15

  • 5:00 a.m. Eurozone - German ZEW Economic Sentiment
  • 8:30 a.m. U.S. - Empire State Manufacturing Index, Import Prices m/m
  • 9:15 a.m. U.S. - Industrial Production m/m, Capacity Utilization Rate

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.

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