Daily Gold News: Retracing From Wednesday's High
Sunshine Profits | Jun 26, 2020 07:54AM ET
Gold futures lost 0.25% on Thursday, as it retraced some of the recent advance. The market got very close to $1,800 mark on Wednesday but since has reversed lower. The recent economic data releases didn't bring any new surprises for financial markets. However, gold broke above its local highs, as we can see on the daily chart:
Gold is largely unchanged this morning, as it is continues to fluctuate along Wednesday's and yesterday's closing prices. What about the other precious metals? Silver gained 1.27% on Thursday and today it is 0.3% higher. Platinum lost 0.24% and today it is trading 0.3% lower. Palladium lost 2.30% yesterday and today it is up 0.8%. So precious metals extend their short-term consolidation today.
Below you will find our Gold, Silver, and Mining Stocks economic news schedule for today:
Friday, June 26
- 8:30 a.m. US - Personal Spending m/m, Personal Income m/m, Core PCE Price Index m/m
- 10:00 a.m. US - Revised UoM Consumer Sentiment, Revised UoM Inflation Expectations
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