Daily Gold News: Tuesday, September 13 – Gold Trades Sideways Ahead of Inflation Data

Gold Price Recap

The gold futures contract gained 0.69% on Monday, September 12, as it broke slightly above the recent local highs following news about Russia-Ukraine war, weaker U.S. dollar, among other factors. Last week on Wednesday it bounced from the $1,700 price level. This morning the yellow metal is trading back lower within a consolidation (mainly due to a new futures contract series), as we can see on the daily chart (the chart includes today’s intraday data):

Precious Metals Price Action

Gold is 0.2% higher this morning, as it is trading along its yesterday’s closing price. What about the other precious metals? Silver is 0.6% higher, platinum is 0.8% higher and palladium is 2.7% lower. So the main precious metals’ prices are higher this morning.

Fundamentals and Economic News Schedule

The markets will be waiting for the important Consumer Price Index release today at 8:30 a.m. It is expected at -0.1% m/m and the Core CPI number is expected at +0.3% m/m.

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

Tuesday, September 13

• 5:00 a.m. Eurozone – German ZEW Economic Sentiment
• 6:00 a.m. U.S. – NFIB Small Business Index
• 8:30 a.m. U.S. – CPI m/m, Core CPI m/m
• 1:01 p.m. U.S. – 30-y Bond Auction
• 2:00 p.m. U.S. – Federal Budget Balance
• Tentative, U.S. – IBD/TIPP Economic Optimism
• All Day, Eurozone – ECOFIN Meetings

Wednesday, September 14

• 2:00 a.m. U.K. – CPI y/y, Core CPI y/y
• 8:30 a.m. U.S. – PPI m/m, Core PPI m/m
• 9:30 p.m. Australia – Employment Change, Unemployment Rate

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

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