Daily Gold News: Dec. 20 – Gold Rallies Back Above $1,800
Gold price gets closer to its recent high after the surprising Bank of Japan’s policy shift.
The gold futures contract lost 0.14% on Monday, Dec. 19, as it extended a consolidation along the $1,800 price level. Last week on Thursday it retraced its Tuesday’s rally following Central Banks’ monetary policy releases, stock markets’ declines. On Tuesday gold price reached new local high of $1,836.90. It was the highest since the end of June. This morning gold is getting back higher after the Bank of Japan monetary policy release, as we can see on the daily chart (the chart includes today’s intraday data):
Today the gold price is 1.1% higher, as it is trading above the $1,800 level. What about the other precious metals? Silver is 3.6% higher, platinum is 1.4% higher and palladium is 0.6% higher. So the main precious metals’ prices are higher this morning.
Yesterday’s NAHB Housing Market Index release has been lower than expected at 31. Today we will get the Building Permits/ Housing Starts releases at 8:30 a.m.
Below you will find our Gold, Silver, and Mining Stocks economic news schedule for the next two trading days.
Tuesday, December 20
- 8:30 a.m. U.S. - Building Permits, Housing Starts
- 8:30 a.m. Canada - Retail Sales m/m, Core Retail Sales m/m
Wednesday, December 21
- 8:30 a.m. U.S. - Current Account
- 8:30 a.m. Canada - CPI m/m, Median CPI y/y, Trimmed CPI y/y, Common CPI y/y, Core CPI m/m
- 10:00 a.m. U.S. - CB Consumer Confidence, Existing Home Sales
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