Singapore markets closed
  • Straits Times Index

    3,101.93
    +9.82 (+0.32%)
     
  • Nikkei

    28,029.57
    +276.20 (+1.00%)
     
  • Hang Seng

    23,766.69
    -22.24 (-0.09%)
     
  • FTSE 100

    7,122.32
    -6.89 (-0.10%)
     
  • BTC-USD

    49,221.84
    -4,334.33 (-8.09%)
     
  • CMC Crypto 200

    1,367.14
    -74.62 (-5.18%)
     
  • S&P 500

    4,538.43
    -38.67 (-0.84%)
     
  • Dow

    34,580.08
    -59.71 (-0.17%)
     
  • Nasdaq

    15,085.47
    -295.85 (-1.92%)
     
  • Gold

    1,782.10
    +21.40 (+1.22%)
     
  • Crude Oil

    66.22
    -0.28 (-0.42%)
     
  • 10-Yr Bond

    1.3430
    -0.1050 (-7.25%)
     
  • FTSE Bursa Malaysia

    1,501.74
    0.00 (0.00%)
     
  • Jakarta Composite Index

    6,538.51
    -45.31 (-0.69%)
     
  • PSE Index

    7,055.19
    +22.65 (+0.32%)
     
BANKS:

DBS CEO says tough for digital banks to muscle into Singapore

Daily Gold News: Wednesday, Oct. 27 – Gold Is Slightly Below $1,800 Again

  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
·3-min read
In this article:
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.

The gold futures contract lost 0.74% on Tuesday, as it continued to fluctuate following its Friday’s advance and a breakout above the $1,800 price level. On Friday, gold was the highest since Sep. 7 following weakening U.S. dollar and rising stock markets, among other factors. This morning gold is trading along its yesterday’s daily closing price, as we can see on the daily chart (the chart includes today’s intraday data):

Today gold is 0.2% lower, as it is still trading close to the $1,800 level. What about the other precious metals? Silver is 0.8% lower, platinum is 1.2% lower and palladium is 1.6% lower. So precious metals’ prices are lower this morning.

Yesterday’s CB Consumer Confidence release has been better than expected at 113.8 vs. a forecast of 108.4. Today we will get Durable Goods Orders, Trade Balance, Wholesale Inventories releases at 8:30 a.m. There will also be some Central Banks monetary policy releases today and tomorrow. And the markets will be waiting for tomorrow’s U.S. Advance GDP release.

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

Wednesday, October 27

  • 8:30 a.m. U.S. – Durable Goods Orders m/m, Core Durable Goods Orders m/m, Goods Trade Balance, Preliminary Wholesale Inventories m/m

  • 10:00 a.m. Canada – BOC Monetary Policy Report, BOC Rate Statement, Overnight Rate

  • 11:00 a.m. Canada – BOC Press Conference

  • Tentative, Japan – BOJ Outlook Report, Monetary Policy Statement, BOJ Policy Rate, BOJ Press Conference

Thursday, October 28

  • 7:45 a.m. Eurozone – Monetary Policy Statement, Main Refinancing Rate

  • 8:30 a.m. Eurozone – ECB Press Conference

  • 8:30 a.m. U.S. – Advance GDP q/q, Advance GDP Price Index q/q, Unemployment Claims

  • 10:00 a.m. U.S. – Pending Home Sales m/m

For a look at all of today’s economic events, check out our economic calendar.

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

* * * * *

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.

This article was originally posted on FX Empire

More From FXEMPIRE:

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting