The gold futures contract gained 0.79% on Friday as it slightly retraced Thursday decline of 1.7%. On Thursday it extended a downward correction from the last Monday's new monthly high of $1,775.80. The market has retraced almost all of the decline from April 14 high of $1,788.80, before reversing downwards again. Gold price continues to trade within an over month-long consolidation, as we can see on the daily chart:

Gold is 0.3% lower today, as it extends a short-term consolidation following last Thursday's decline. What about the other precious metals?: Silver gained 1.89% on Friday and today it is 0.5% lower. Platinum gained 2.29% and today it is 0.7% lower. And palladium lost 4.13%. Today it is 0.3% higher. Precious metals are within a short-term consolidation today.

Last week's economic data releases didn't bring much surprises. They have been confirming a negative coronavirus impact on gobal economies for some time. Thursday's Philly Fed Manufacturing Index came at over -43.1 points and the Unemployment Claims were over 2.4 million. Flash Manufacturing and Services PMI's have been as expected, however still below the 50 mark. The markets are used to bad economic numbers, as stocks remain relatively close to their medium-term local highs following rebounding from the late March lows. On Friday, we didn't get any important economic data. And today, there's a bank holiday in the U.S. - Memorial Day. So markets' volatility is somewhat less than usual.

Below you will find our Gold, Silver, and Mining Stocks economic news schedule for the next two trading days. Investors will wait for tomorrow's U.S. CB Consumer Confidence along with the New Home Sales data releases:

Monday, May 25

• 1:30 p.m. Canada - BOC Governor Poloz Speech
• All Day, U.S. - Bank Holiday (Memorial Day)

Tuesday, May 26

• 9:00 a.m. U.S. - HPI m/m, S&P/CS Composite-20 HPI y/y
• 9:00 a.m. Eurozone - ECB Financial Stability Review
• 10:00 a.m. U.S. - CB Consumer Confidence, New Home Sales
• 1:00 p.m. U.S. - FOMC Member Kashkari Speech
• 5:00 p.m. Canada - BOC Governor Poloz Speech

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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The gold futures contract lost 1.72% on Thursday as it extended a downward correction from Monday's new monthly high of $1,775.80. The market reached its daily low at $1,715.30 yesterday. On Monday it had retraced almost all of the decline from April 14 high of $1,788.80, before it reversed lower. Gold price continues to trade within an over month-long consolidation, as we can see on the daily chart:

Gold is 0.3% higher today, as it fluctuates following yesterday's relatively large decline. What about the other precious metals?: Silver lost 3.70% on Thursday and today it is unchanged. Platinum lost 7.28% and today it is 1.1% higher. Palladium lost 4.50% and today it is down 2.5%. So precious metals have been retracing their recent advances.

Yesterday's economic data releases didn't bring much surprises. The Philly Fed Manufacturing Index lost over 40 points and the Unemployment Claims came in at over 2.4 million. And Flash Manufacturing and Services PMI's have been as expected. But the markets are used to bad economic numbers, as stocks remain relatively close to their medium-term local highs following rebounding from the late March lows.

There won't be any important Gold, Silver, and Mining Stocks economic news scheduled for today. Financial markets will likely extend their intraday consolidation ahead of the Bank Holiday on Monday (Memorial Day).

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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The gold futures contract gained 0.37% on Wednesday as it continued to fluctuate after reaching new monthly high of $1,775.80 on Monday. It has retraced almost all of its downward correction from April 14 high of $1,788.80. The market is extending over month-long consolidation, as we can see on the daily chart:

Gold is 0.5% lower today and it remains close to yesterday's daily low. What about the other precious metals?: Silver gained 0.73% on Wednesday and today it is 1.3% lower. Platinum gained 5.05% and today it is 1.8% lower. Palladium gained 4.08% and today it is declining by 1.86. So precious metals are trading within a short-term correction this morning.

Today's economic data releases have been as expected so far. The Philly Fed Manufacturing Index lost over 40 points and the Unemployment Claims came in at over 2.4 million. But the markets are used to bad economic numbers, as stocks are set to open relatively flat. We will also wait for the most important piece of economic data today, Flash Manufacturing and Services PMI's at 9:45 a.m. Then, the Fed Chair Powell will speak. Take a look at our Monday's Market News Report to find out about this week's economic data announements.

And here's Gold, Silver, and Mining Stocks economic news schedule for today:

• 8:30 a.m. U.S. - Philly Fed Manufacturing Index, Unemployment Claims
• 8:30 a.m. Canada - ADP Non-Farm Employment Change, NHPI m/m
• 9:45 a.m. U.S. - Flash Manufacturing PMI, Flash Services PMI
• 10:00 a.m. U.S. - CB Leading Index m/m, Existing Home Sales, FOMC Member Williams Speech
• 1:00 p.m. U.S. - FOMC Member Clarida Speech
• 2:30 p.m. U.S. - Fed Chair Powell Speech

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 0.65% on Tuesday as it retraced some of Monday's decline from new monthly high of $1,775.80. On Monday it has retraced almost all of its month-long decline from April 14 high of $1,788.80. The market has reversed its short-term uptrend, as it fell below Friday's daily trading range. Today, gold is trading along yesterday's daily closing price.

Gold is 0.1% lower today. Meanwhile, global financial markets continue to hover along their local highs. What about the other precious metals?: Silver gained 2.48% yesterday and today it is 0.4% higher. Platinum gained 2.43% and today it is 3.4% higher. Palladium gained 2.35% and today it is gaining another 3.8%. So precious metals other than gold are extending their short-term uptrend this morning.

The recent economic data releases have been confirming coronavirus damage to the U.S. economy. Yesterday's U.S. Building Permits/ Housing Starts number have been as expected but lower than the previous ones. The Fed Chair Powell Testimony hasn't been a real game-changer for the markets yesterday. Today we will get the FOMC Meeting Minutes release at 2:00 p.m. Take a look at our Monday's Market News Report to find out about this week's economic data announements.

Here's Gold, Silver, and Mining Stocks economic news schedule for today:

• 2:00 p.m. U.S. - FOMC Meeting Minutes
• 10:30 p.m. Australia - RBA Governor Lowe Speech

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 lost 1.25% on Monday after reaching new monthly high of $1,775.80. It has retraced almost all of its month-long decline from April's high. On April 14 it was the highest since November of 2012 and the high was at $1,788.80. The market has reversed its short-term uptrend yesterday, as it fell below Friday's daily trading range. Today, gold is trading along its Monday's daily lows.

Gold is 0.1% higher today, as it trades along yesterday's closing price. Meanwhile, the global financial markets continue to hover along their local highs this morning. What about the other precious metals?: Silver gained 2.33% on Monday and today it is 0.7% higher. Platinum gained 6.39% and today it is 1.6% higher. Palladium gained 9.11% and today it is gaining another 2.3%.

The recent economic data releases have been confirming coronavirus damage to the U.S. economy. However, today we've got better-than-expected German ZEW Economic Sentiment number at 5:00 a.m. The U.S. Building Permits/ Housing Starts number have been as expected but lower than the previous ones. Investors will await the Fed Chair Powell Testimony at 10:00 a.m. Take a look at our Monday's Market News Report to find out about this week's economic data announements.

Here's Gold, Silver, and Mining Stocks economic news schedule for today:

• 8:30 a.m. U.S. - Housing Starts, Building Permits
• 10:00 a.m. - Fed Chair Powell Testimony, FOMC Member Kashkari Speech
• 9:30 p.m. China - PBoC Loan Prime Rate
• All Day, Eurozone - ECOFIN 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