Yahoo Finance Daily Gold News: Monday, Nov. 29 – Gold’s Short-Term Consolidation
The gold futures contract gained 0.07% on Friday, as it fluctuated following the recent declines and a breakdown below the $1,800 level. The market sold off in a reaction to strengthening U.S. dollar and volatile stock prices, among other factors. This morning gold is extending its short-term consolidation. The yellow metal continues to trade below $1,800 level, as we can see on the daily chart (the chart includes today’s intraday data):
Gold is virtually flat this morning, as it trading along its Friday’s closing price. What about the other precious metals? Silver is 0.5% higher, platinum is 1.3% higher and palladium is 2.4% higher. So precious metals’ prices are mixed this morning.
Today we will get the Pending Home Sales release and some Fed-talk later in the day, including a speech from the Fed Chair Powell.
Below you will find our Gold, Silver, and Mining Stocks economic news schedule for the next two trading days:
Monday, November 29
10:00 a.m. U.S. – Pending Home Sales m/m
12:15 p.m. Eurozone – ECB President Lagarde Speech
2:00 p.m. Canada – BOC Governor Macklem Speech
3:00 p.m. U.S. – FOMC Member Williams Speech
3:05 p.m. U.S. – Fed Chair Powell Speech
5:05 p.m. U.S. – FOMC Member Bowman Speech
8:00 p.m. China – Manufacturing PMI, Non-Manufacturing PMI
Tentative, Japan – BOJ Governor Kuroda Speech
Tuesday, November 30
8:30 a.m. Canada – GDP m/m
9:00 a.m. U.S. – HPI m/m, S&P/CS Composite-20 HPI y/y
9:45 a.m. U.S. – Chicago PMI
10:00 a.m. U.S. – Fed Chair Powell Testimony, CB Consumer Confidence, Treasury Secretary Yellen Speech
10:30 a.m. U.S. – FOMC Member Williams Speech
1:00 p.m. U.S. – FOMC Member Clarida Speech
7:30 p.m. Australia – GDP q/q
Tentative, Japan – BOJ Governor Kuroda Speech
For a look at all of today’s economic events, check out our economic calendar.
Paul Rejczak
Stock Trading Strategist
Sunshine Profits: Analysis. Care. Profits.
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This article was originally posted on FX Empire
