Gold is near the record high again following yesterday’s intraday pullback.
The gold futures contract gained 0.33% on Monday, October 21, as it further extended advances, reaching a new record high of $2,755.40. On Thursday, gold broke above its previous high despite strengthening U.S. dollar, strock market’s uncertainty. On Monday, the market accelerated its record-breaking advance.
This morning, gold is trading along yesterday’s all-time high, as we can see on the daily chart (the chart includes today’s intraday data):
The gold price is 0.5% higher, as it is trading slightly above the $2,750 level. What about the other precious metals? Silver is 1.8% higher, platinum is 1.5% higher and palladium is 2.2% lower. So, the main precious metals’ prices are higher this morning.
Today, we won’t get any new important economic data.
Below you will find our Gold, Silver, and Mining Stocks economic news schedule for the next two trading days (EST Timezone).
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
Wednesday, October 23
- 9:45 a.m. Canada - BOC Monetary Policy Report, BOC Rate Statement, Overnight Rate
- 10:00 a.m. U.S. - Existing Home Sales
- 10:00 a.m. Eurozone - ECB President Lagarde Speech
- 10:30 a.m. Canada - BOC Press Conference
- 12:00 p.m. U.S. - FOMC Member Barkin Speech
- 2:00 p.m. U.S. - Beige Book
- 4:30 p.m. U.K. - BOE Governor Bailey Speech
- All Day - IMF Meetings
- All Day - BRICS Summit
Paul Rejczak
Stock Trading Strategist