Daily Gold News: Monday, July 19 – Gold Closer to $1,800 Again – FX Empire

The gold futures contract lost 0.77% on Friday, as it retraced some of its recent advances. On Thursday the market has reached a local high of $1,835. Then we’ve witnessed a short-term reversal. This morning gold is extending its short-term downtrend following strengthening U.S. dollar and declining stock markets, as we can see on the daily chart (the chart includes today’s intraday data):

Today gold is 0.5% lower, as it is trading close to $1,800 price level. What about the other precious metals? Silver is 1.2% lower, platinum is 2.2% lower and palladium is unchanged. So precious metals’ prices are lower this morning.

Friday’s Retail Sales release has been better than expected at +0.6% and today we will get the NAHB Housing Market Index release at 10:00 a.m.

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

Monday, July 19

  • 10:00 a.m. U.S. – NAHB Housing Market Index
  • 9:30 p.m. Australia – Monetary Policy Meeting Minutes

Tuesday, July 20

  • 8:30 a.m. U.S. – Building Permits, Housing Starts

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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