gold investment, silver investment


Daily Gold News: Tuesday, September 22 - Short-term Consolidation Following Monday's Sell-off

September 22, 2020, 7:12 AM Paul Rejczak

The gold futures contract lost 2.62% on Monday, as it broke below its recent trading range. The precious metals' market followed an advance in U.S. dollar and stocks' sell-off. Recently gold retraced most of the decline from September 1 local high of $2,001.20. On Wednesday it has reached new short-term local high of $1,983.80 before coming back lower. Yesterday it got close to $1,900 price mark, as we can see on the daily chart:

Gold is 0.3% lower this morning, as it is fluctuating along yesterday's closing price. What about the other precious metals? Silver lost 10.11% on Monday and today it is 1.3% lower. Platinum lost 6.65% and today it is 0.8% higher. Palladium lost 4.16% yesterday and today it's 0.9% higher. So precious metals are fluctuating following yesterday's sell-off this morning.

Today there will be a Testimony from the Fed Chair Powell at 10:30 a.m. We will also get the Existing Home Sales and Richmond Manufacturing Index releases at 10:00 a.m.

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

Tuesday, September 22

  • 10:00 a.m. U.S. - Existing Home Sales, Richmond Manufacturing Index
  • 10:00 a.m. Eurozone - Consumer Confidence
  • 10:30 a.m. U.S. - Fed Chair Powell Testimony

Wednesday, September 23

  • 3:15 a.m. Eurozone - French Flash Manufacturing PMI, French Flash Services PMI
  • 3:30 a.m. Eurozone - German Flash Manufacturing PMI, German Flash Services PMI
  • 9:00 a.m. U.S. - FOMC Member Mester Speech, HPI m/m
  • 9:45 a.m. U.S. - Flash Manufacturing PMI, Flash Services PMI
  • 10:00 a.m. U.S. - Fed Chair Powell Testimony
  • 2:00 p.m. U.S. - FOMC Member Quarles 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