Daily Gold News: Friday, Apr. 23 – Gold Moving Sideways

The gold futures contract lost 0.62% on Thursday, as it retraced Wednesday’s advance. Early in the month the market has bounced from the support level marked by March 8 local low of $1,663.30. In early March yellow metal’s price was the lowest since last year’s June. Today gold is trading slightly higher, as we can see on the daily chart (the chart includes today’s intraday data):

Gold is 0.2% higher this morning, as it is retracing some of yesterday’s decline. What about the other precious metals? Silver is 0.1% lower, platinum is 1.2% higher and palladium is 0.1% higher today. So precious metals are mixed this morning.

The markets will be waiting for the U.S. Flash Manufacturing PMI/ Flash Services PMI releases at 9:45 a.m. We will also have the New Home Sales release at 10:00 a.m.

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

Friday, April 23

• 3:15 a.m. Eurozone – French Flash Services PMI, French Flash Manufacturing PMI
• 3:30 a.m. Eurozone – German Flash Manufacturing PMI, German Flash Services PMI
• 4:00 a.m. Eurozone – Flash Manufacturing PMI, Flash Services PMI
• 9:45 a.m. U.S. – Flash Manufacturing PMI, Flash Services PMI
• 10:00 a.m. U.S. – New Home Sales

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.
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