Gold is rebounding again as markets remain volatilie following last week’s tariff announcement.
The gold futures contract gained 0.56% on Tuesday, April 8, as it fluctuated following its recent sell-off. Gold moved lower on continued stock market volatility and weakness caused by last Wednesday’s Trump’s tariff announcement. The market retreated from its new record high of 3,201.60, and on Monday, it traded as low as $2,970.40.
On November 14, gold was the lowest since mid-September after dropping in a reaction to the presidential elections. Gold extended its decline from the late October high, reaching a local low of $2,541.50.
This morning, gold is rebounding, as we can see on the daily chart (the chart includes today’s intraday data):
The gold price is 2.4% higher, as it is trading along the $3,060 level. What about the other precious metals? Silver is 1.6% higher, platinum is 0.6% higher and palladium is 0.7% higher. So, the main precious metals’ prices are higher this morning.
Today, we will get the FOMC Meeting Minutes release at 2:00 p.m., among others.
Below you will find our Gold, Silver, and Mining Stocks economic news schedule for the next two trading days (EST Timezone).
Wednesday, April 9
- 10:00 a.m. U.S. - Final Wholesale Inventories m/m
- 11:00 a.m. U.S. - FOMC Member Barkin Speech
- 1:01 p.m. U.S. - 10-y Bond Auction
- 2:00 p.m. U.S. - FOMC Meeting Minutes
- 9:30 p.m. China - CPI y/y, PPI y/y
- Tentative, Japan - BOJ Governor Ueda Speech
Thursday, April 10
- 6:00 a.m. Australia - RBA Governor Bullock Speech
- 8:30 a.m. U.S. - CPI m/m, Core CPI m/m, CPI y/y, Unemployment Claims
- 9:30 a.m. U.S. - FOMC Member Logan Speech
- 10:00 a.m. U.S. - FOMC Member Bowman Speech
- 12:00 p.m. U.S. - FOMC Member Goolsbee Speech, FOMC Member Harker Speech
- 1:01 p.m. U.S. - 30-y Bond Auction
- 2:00 p.m. U.S. - Federal Budget Balance
Paul Rejczak
Stock Trading Strategist