Yahoo Finance Daily Gold News: Tuesday, Mar. 2 – Gold Bouncing From $1,700
The gold futures contract lost 0.34% on Monday, as it fluctuated after breaking below the previous local low and a support level of $1,750. The market is the lowest since mid-June of 2020. This morning gold is bouncing from $1,700 price level, as we can see on the daily chart ( the chart includes today’s intraday data ):
Gold is 0.2% higher this morning, as it is trading along yesterday’s daily close. What about the other precious metals? Silver is 1.0% lower, platinum is virtually unchanged and palladium is 0.5% lower today. So precious metals are mixed this morning.
Yesterday’s ISM Manufacturing PMI release has been better than expected at 60.8. Today we will have some Fed-talk. The markets will be waiting for Friday’s monthly jobs data release.
Below you will find our Gold, Silver, and Mining Stocks economic news schedule for the next two trading days:
Tuesday, March 2
8:30 a.m. Canada – GDP m/m
1:00 p.m. U.S. – FOMC Member Brainard Speech
2:00 p.m. U.S. – FOMC Member Daly Speech
7:30 p.m. Australia – GDP q/q
8:45 p.m. China – Caixin Services PMI
Wednesday, March 3
8:15 a.m. U.S. – ADP Non-Farm Employment Change
9:45 a.m. U.S. – Final Services PMI
10:00 a.m. U.S. – ISM Services PMI
1:00 p.m. U.S. – FOMC Member Evans Speech
2:00 p.m. U.S. – Beige Book
For a look at all of today’s economic events, check out our economic calendar.
Paul Rejczak
Stock Selection Strategist
Sunshine Profits: Analysis. Care. Profits.
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This article was originally posted on FX Empire
