Daily Gold News: Tuesday, September 6 – Gold Price Remains Above $1,700

Gold Price Recap

The gold futures contract lost 0.08% on Monday, September 5, as it fluctuated following its Friday’s rebound of 0.8%. On Friday the market was advancing after monthly jobs data release.

Gold bounced from its last week’s Thursday’s local low of $1,699.10. This morning the yellow metal is trading along yesterday’s closing price, as we can see on the daily chart (the chart includes today’s intraday data):

Precious Metals Price Action

Gold is 0.1% higher this morning, as it is still trading sideways and along the Friday’s closing price. What about the other precious metals? Silver is 1.3% higher, platinum is 0.1% lower and palladium is 0.2% lower. So the main precious metals’ prices are mixed again this morning.

Fundamentals and Economic News Schedule

Yesterday we didn’t get any new important economic data announcements and there was relatively low volatility amid a long holiday weekend in the U.S. Today we will get the important ISM Services PMI release at 10:00 a.m., among others.

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

Tuesday, September 6

• 12:30 a.m. Australia – Cash Rate, RBA Rate Statement
• 9:45 a.m. U.S. – Final Services PMI
• 10:00 a.m. U.S. – ISM Services PMI
• 9:30 p.m. Australia – GDP q/q

Wednesday, September 7

• 5:00 a.m. U.K. – Monetary Policy Report Hearings
• 8:30 a.m. U.S. – Trade Balance
• 10:00 a.m. U.S. – FOMC Member Mester Speech
• 10:00 a.m. Canada – BOC Rate Statement, Overnight Rate, Ivey PMI
• 12:35 p.m. U.S. – FOMC Member Brainard Speech
• 2:00 p.m. U.S. – Beige Book, FOMC Member Barr Speech
• 11:05 p.m. Australia – RBA Governor Lowe Speech

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

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