Gold keeps reaching new records, breaking above the $2,750 level.
The gold futures contract gained 0.76% on Tuesday, October 22, as it extended its record-breaking rally once again, reaching a new record high above the $2,750 level. The yellow metal keeps gaining amid strengthening U.S. dollar, geopolitical tensions and incoming U.S. Presidential Elections.
This morning, gold is trading slightly higher, as we can see on the daily chart (the chart includes today’s intraday data):
The gold price is 0.1% higher, as it is trading above the $2,760 level. What about the other precious metals? Silver is 0.9% lower, platinum is 0.4% higher and palladium is 0.9% lower. So, the main precious metals’ prices are mixed this morning.
Today, we will get the Existing Home Sales release at 10:00 a.m., and the Beige Book at 2:00 p.m.
Below you will find our Gold, Silver, and Mining Stocks economic news schedule for the next two trading days (EST Timezone).
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
Thursday, October 24
- 3:15 a.m. Eurozone - French Flash Manufacturing PMI, French Flash Services PMI
- 3:30 a.m. Eurozone - German Flash Manufacturing PMI, German Flash Services PMI
- 4:00 a.m. Eurozone - Flash Manufacturing PMI, Flash Services PMI
- 4:30 a.m. U.K. - Flash Manufacturing PMI, Flash Services PMI
- 8:30 a.m. U.S. - Unemployment Claims
- 8:45 a.m. U.S. - FOMC Member Hammack Speech
- 9:45 a.m. U.S. - Flash Manufacturing PMI, Flash Services PMI
- 10:00 a.m. U.S. - New Home Sales
- 7:30 p.m. Japan - Tokyo Core CPI y/y
- All Day - IMF Meetings
- All Day - BRICS Summit
Paul Rejczak
Stock Trading Strategist