Daily Gold News: Gold is Volatile, but Still at $1,900

Daily Gold News: Gold is Volatile, but Still at $1,900

The gold futures contract gained 0.95% on Tuesday, as it retraced some more of its recent declines after bouncing from $1,860 price level. Gold continues to fluctuate following September’s decline off August 7 record high at $2,089.20 to around $1,850. The yellow metal has been bouncing from the support level marked by mid-August local low of around $1,875, as we can see on the daily chart ( the chart includes today’s intraday data ):

Gold is 0.1% lower this morning. However, we can see a relatively large daily trading range today. What about the other precious metals? Silver gained 1.25% on Tuesday and today it is 0.7% lower. Platinum gained 1.80% and today it is unchanged. Palladium gained 3.49% yesterday and today it’s 0.2% lower. So precious metals’ price changes are mixed this morning .

Yesterday’s Factory Orders release has been slightly better than expected at +1.1%. But the markets were […]

About the author: StockMan

Please remember:

The information provided here is for general knowledge and educational purposes only.
It is not intended to be a substitute for professional financial advice.
Every individual's financial situation is unique, and what works for one person may not work for another.
Before making any investment or financial decisions, you should always consult with a qualified financial advisor who understands your specific circumstances and goals.

Any information posted on the website has been prepared without taking into account your objectives, financial situation or needs and as such, should never be acted upon. Please be aware that any information posted on this site should not be considered to be financial advice and i am not a financial advisor.

Posting Guidelines
Do
  • Do contribute something to the discussion
  • Do post factual information, analysis and your view on company valuations
  • Do disclose if you have an interest in a security
  • Do take our Terms of Use seriously
Do Not
  • Do not make low-content posts, unsubstantiated ramps or untruthful/misleading statements
  • Do not complain about a post unless you have reported it first, and not on the forum.
  • Do not post financial advice
  • Do not advertise or post sponsored content

Get involved!

Get Connected!

Come and join our community. Expand your network and get to know new people!

Comments

No comments yet