The gold futures contract lost 0.14% on Friday, as it remained within its Thursday's daily trading range. The price broke above $1,750 mark once again before closing below that resistance level. Global markets went risk-on and gold has been selling off as a safe-haven asset recently. But Wednesday's FOMC Statement came out as a short-term game-changer. Stock prices reversed lower and gold spiked higher. However, it is still trading within a medium-term consolidation, as we can see on the daily chart:

Gold is 1.1% down this morning, as it's retracing last week's advance. What about the other precious metals? Silver lost 2.28% on Friday and today it is 2.2% lower. Platinum lost 0.61% and today it is 0.3% lower. Palladium gained 1.49% on Friday and today it is 0.5% higher. So precious metals retrace their last week's advances this morning.

The recent economic data releases have been confirming negative coronavirus impact on global economies. However, the previous Friday's U.S. monthly jobs data along with Nonfarm Payrolls number have been positive. Last Friday's Preliminary Michigan Sentiment number came at around 79 points. Still around 20-25 points below its 2015-2020 average value of 95-100 points.

Today, the markets will await the Bank of Japan Monetary Policy Statement release. And tomorrow we will get the U.S. Retail Sales number and a Testimony from thre Fed Chair Powell. Below you will find our Gold, Silver, and Mining Stocks economic news schedule for the next two trading days:

Monday, June 15

• 8:30 a.m. U.S. - Empire State Manufacturing Index
• 11:00 a.m. U.S. - FOMC Member Kaplan Speech
• Tentative, Japan - Monetary Policy Statement, BOJ Policy Rate

Tuesday, June 16

• 8:30 a.m. U.S. - Retail Sales m/m, Core Retail Sales m/m
• 9:15 a.m. U.S. - Industrial Production m/m, Capacity Utilization Rate
• 10:00 a.m. U.S. - Fed Chair Powell Testimony, Business Inventories m/m, NAHB Housing Market Index
• Tentative, Japan - BOJ Press Conference

Thank you for reading today's quick gold news guide. If you enjoyed it, we invite you to read also our other gold market analyses. This includes our free Fundamental Gold Reports as well as premium Gold & Silver Trading Alerts with clear buy and sell signals and weekly premium Gold Investment Updates. If you're not ready to subscribe to our premium services, a great way to check them out (also the premium services - free for 7 days!), is to sign up for our no-obligation free gold newsletter. We'll only ask to whom (just the first name) and to what e-mail address we should be sending our analyses. Sign up today.

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Sunshine Profits: Analysis. Care. Profits.

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The gold futures contract gained 1.11% on Thursday, as it slightly extended its short-term uptrend. The price broke above $1,750 mark yesterday before closing below that resistance level. Global markets went risk-on and gold has been selling off as a safe-haven asset recently. But Wednesday's FOMC Statement came out as a short-term game-changer. Stock prices reversed lower and gold spiked higher. However, it is still trading within a medium-term consolidation, as we can see on the daily chart:

Gold is gaining 0.5% this morning, as it's getting back closer to yesterday's daily high. What about the other precious metals? Silver gained 0.52% on Thursday and today it is 0.1% lower. Platinum lost 2.60% and today it is 0.6% higher. Palladium lost 1.07% on Thursday and today it is 1.5% higher. So precious metals trade along their yesterday's daily highs today.

The recent economic data releases have been confirming negative coronavirus impact on global economies. However, last Friday's U.S. monthly jobs data came out much better than expected. And the Nonfarm Payrolls number has been positive. Yesterday's Unemployment Claims number release has been as expected at around 1.5 million. Today, we will get the Preliminary Michigan Sentiment number at 10:00 a.m. It will likely remain around 20-25 points below its 2015-2020 average value of 95-100 points. Its previous release was at 72.3.

Below you will find our Gold, Silver, and Mining Stocks economic news schedule for the next two trading days:

Friday, June 12

• 10:00 a.m. U.S. - Preliminary UoM Consumer Sentiment

Monday, June 15

• 8:30 a.m. U.S. - Empire State Manufacturing Index
• 11:00 a.m. U.S. - FOMC Member Kaplan Speech
• Tentative, Japan - Monetary Policy Statement, BOJ Policy Rate

Thank you for reading today's quick gold news guide. If you enjoyed it, we invite you to read also our other gold market analyses. This includes our free Fundamental Gold Reports as well as premium Gold & Silver Trading Alerts with clear buy and sell signals and weekly premium Gold Investment Updates. If you're not ready to subscribe to our premium services, a great way to check them out (also the premium services - free for 7 days!), is to sign up for our no-obligation free gold newsletter. We'll only ask to whom (just the first name) and to what e-mail address we should be sending our analyses. Sign up today.

Paul Rejczak
Stock Selection Strategist
Sunshine Profits: Analysis. Care. Profits.

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The gold futures contract lost 0.07% on Wednesday following an intraday advance to $1,750 price level. Global markets went risk-on and gold has been selling off as a safe-haven asset recently. However, yesterday's FOMC Statement came out as a short-term game-changer. Stock prices reversed lower and gold spiked higher before closing virtually unchanged. It is still trading within a medium-term consolidation, as we can see on the daily chart:

Gold is down 0.7% this morning, as it retraces more of the recent advance. And financial markets decline following yesterday's Fed-talk. What about the other precious metals? Silver was unchanged on Wednesday and today it is 1.6% lower. Platinum lost 1.70% and today it is 2.1% lower. Palladium lost 1.85% yesterday and today it is 0.5% down. So precious metals are trading lower this morning.

The recent economic data releases have been confirming negative coronavirus impact on global economies. However, last Friday's U.S. monthly jobs data came out much better than expected. And the Nonfarm Payrolls number has been positive. Today we will get some more important U.S. economic data releases - Producer Price Index along with the Unemployment Claims at 8:30 a.m.

Below you will find our Gold, Silver, and Mining Stocks economic news schedule for the next two trading days:

Thursday, June 11

• 8:30 a.m. U.S. - PPI m/m, Core PPI m/m, Unemployment Claims
• All Day, Eurozone - Eurogroup Meetings

Friday, June 12

• 10:00 a.m. U.S. - Preliminary UoM Consumer Sentiment

Thank you for reading today's quick gold news guide. If you enjoyed it, we invite you to read also our other gold market analyses. This includes our free Fundamental Gold Reports as well as premium Gold & Silver Trading Alerts with clear buy and sell signals and weekly premium Gold Investment Updates. If you're not ready to subscribe to our premium services, a great way to check them out (also the premium services - free for 7 days!), is to sign up for our no-obligation free gold newsletter. We'll only ask to whom (just the first name) and to what e-mail address we should be sending our analyses. Sign up today.

Paul Rejczak
Stock Selection Strategist
Sunshine Profits: Analysis. Care. Profits.

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The gold futures contract gained 0.99% on Tuesday, as it retraced its Friday's decline following much better than expected U.S. monthly jobs data release. Global markets went risk-on and gold has sold off as a safe-haven asset. On Monday a week ago the price has reached slightly above $1,760 and Friday's daily low fell at $1,671.70. But the gold price is gaining again this week. However, it is still trading within a medium-term consolidation, as we can see on the daily chart:

Gold is up 0.6% this morning, as it extends its short-term uptrend. Financial markets remain in risk-on mode, as stocks continue to hover along their medium-term highs. What about the other precious metals? Silver lost 0.55% on Tuesday and today it is 2.3% higher. Platinum lost 0.07% and today it is unchanged. Palladium lost 3.43% yesterday and today it is 0.2% higher. So precious metals' prices are mixed again.

The recent economic data releases have been confirming negative coronavirus impact on global economies. However, last Friday's U.S. monthly jobs data came out much better than expected. And the Nonfarm Payrolls number has been positive. Will we get more positive surprises this week? Today's Consumer Price Index has basically been as expected at -0.1%. We will also get the important FOMC Statement at 2:00 p.m. and the Press Conference at 2:30 p.m.

Below you will find our Gold, Silver, and Mining Stocks economic news schedule for the next two trading days:

Wednesday, June 10

• 8:30 a.m. U.S. - CPI m/m, Core CPI m/m
• 2:00 p.m. U.S. - Federal Funds Rate, FOMC Statement, FOMC Economic Projections, Federal Budget Balance
• 2:30 p.m. U.S. - FOMC Press Conference

Thursday, June 11

• 8:30 a.m. U.S. - PPI m/m, Core PPI m/m, Unemployment Claims
• All Day, Eurozone - Eurogroup Meetings

Thank you for reading today's quick gold news guide. If you enjoyed it, we invite you to read also our other gold market analyses. This includes our free Fundamental Gold Reports as well as premium Gold & Silver Trading Alerts with clear buy and sell signals and weekly premium Gold Investment Updates. If you're not ready to subscribe to our premium services, a great way to check them out (also the premium services - free for 7 days!), is to sign up for our no-obligation free gold newsletter. We'll only ask to whom (just the first name) and to what e-mail address we should be sending our analyses. Sign up today.

Paul Rejczak
Stock Selection Strategist
Sunshine Profits: Analysis. Care. Profits.

• Read more

The gold futures contract gained 1.31% on Monday, as it retraced some of its last week's Friday's decline following much better than expected U.S. monthly jobs data release. Global markets went risk-on and gold has sold off as a safe-haven asset. On Monday a week ago the price has reached slightly above $1,760 and Friday's daily low fell at $1,671.70. Gold continues to trade close to the bottom of its medium-term consolidation, as we can see on the daily chart:

Gold is gaining 0.5% this morning, as it retraces more of its Friday's sell-off. Financial markets remain in risk-on mode, as stocks continue to hover along their medium-term highs. What about the other precious metals? Silver gained 2.37% on Monday and today it is 0.9% lower. Platinum gained 3.71% and today it is 1.3% lower. Palladium gained 4.32% yesterday and today it is 2.8% lower. So precious metals' prices are mixed today.

The recent economic data releases have been confirming negative coronavirus impact on global economies. However, Friday's U.S. monthly jobs data came out much better than expected. And the Nonfarm Payrolls number has been positive. Will we get more positive surprises this week? Today we will get the U.S. Wholesale Inventories data. But the markets will await tomorrow's very important data releases: Consumer Price Index and the FOMC Statement.

Below you will find our Gold, Silver, and Mining Stocks economic news schedule for the next two trading days:

Tuesday, June 9

• 10:00 a.m. U.S. - Final Wholesale Inventories m/m, JOLTS Job Openings
• All Day, Eurozone - ECOFIN Meetings

Wednesday, June 10

• 8:30 a.m. U.S. - CPI m/m, Core CPI m/m
• 2:00 p.m. U.S. - Federal Funds Rate, FOMC Statement, FOMC Economic Projections, Federal Budget Balance
• 2:30 p.m. U.S. - FOMC Press Conference

Thank you for reading today's quick gold news guide. If you enjoyed it, we invite you to read also our other gold market analyses. This includes our free Fundamental Gold Reports as well as premium Gold & Silver Trading Alerts with clear buy and sell signals and weekly premium Gold Investment Updates. If you're not ready to subscribe to our premium services, a great way to check them out (also the premium services - free for 7 days!), is to sign up for our no-obligation free gold newsletter. We'll only ask to whom (just the first name) and to what e-mail address we should be sending our analyses. Sign up today.

Paul Rejczak
Stock Selection Strategist
Sunshine Profits: Analysis. Care. Profits.

• Read more