Gold reaches new records, as it’s trading near the $2,750 level for the first time.
The gold futures contract gained 0.83% on Friday, October 18, as it further extended its record-breaking advance, following Thursday’s breakout above the $2,700 level. Gold kept rallying despite strengthening U.S. dollar, stock market’s uncertainty.
This morning, gold is reaching a new all-time high again, as we can see on the daily chart (the chart includes today’s intraday data):
The gold price is 0.7% higher, as it is trading near the $2,750 level. What about the other precious metals? Silver is 3.1% higher, platinum is 0.3% higher and palladium is 1.2% lower. So, the main precious metals’ prices are higher this morning.
Today, we will get the CB Leading Index release at 10:00 a.m. There will also be speeches from the FOMC Members.
Below you will find our Gold, Silver, and Mining Stocks economic news schedule for the next two trading days (EST Timezone).
Monday, October 21
- 8:55 a.m. U.S. - FOMC Member Logan Speech
- 10:00 a.m. U.S. - CB Leading Index m/m
- 1:00 p.m. U.S. - FOMC Member Kashkari Speech
- 5:05 p.m. U.S. - FOMC Member Schmid Speech
- All Day - IMF Meetings
Tuesday, October 22
- 9:25 a.m. U.K. - BOE Governor Bailey Speech
- 10:00 a.m. U.S. - FOMC Member Harker Speech, Richmond Manufacturing Index
- 3:15 p.m. Eurozone - ECB President Lagarde Speech
- All Day - IMF Meetings
- All Day - BRICS Summit
Paul Rejczak
Stock Trading Strategist