The gold futures contract gained 0.81% on Monday, as it retraced its Friday's decline. So gold is still trading within a consolidation along $1,950-2,000. The market retraced most of the decline from September 1 local high of $2,001.20 on Thursday, before going back below $1,950 recently. Gold price is trading within an over month-long consolidation, as we can see on the daily chart:

Gold is 0.7% higher this morning, as it is extending Monday's advance. What about the other precious metals? Silver gained 1.85% on Monday and today it is 1.4% higher. Platinum gained 2.01% and today it is 1.1% higher. Palladium lost 0.27% on Monday and today it's 1.5% higher. So precious metals are extending their yesterday's advance this morning.

Yesterday we didn't get any important economic data releases. Today there will be the Empire State Manufacturing Index release at 8:30 a.m. and then at 9:15 a.m. we will get the Industrial Production and Capacity Utilization Rate numbers. But markets will be waiting for Wednesday's FOMC Statement release.

Let's focus on tomorrow's Fed announcement. Where would the price of gold go following the news release? We've compiled the data since January of 2017, a 43-month-long period of time that contains of thirty FOMC releases. The first chart shows price paths 5 days before and 10 days after the FOMC release. We can see that the biggest 10-day advance after the NFP day was +10.5% after March 15, 2020 release and the biggest decline was -7.2% after March 3, 2020 release. However, we've had an increased volatility following coronavirus fear then.

The following chart shows average gold price path before and after the FOMC releases for the past 43 months and 30 releases. The market was usually declining ahead of the FOMC day. Then it was going up for a week-long period. We can see that on average, gold price was 0.8% higher 10 days after the FOMC Statement announcement.

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

Tuesday, September 15

• 5:00 a.m. Eurozone - German ZEW Economic Sentiment
• 8:30 a.m. U.S. - Empire State Manufacturing Index, Import Prices m/m
• 9:15 a.m. U.S. - Industrial Production m/m, Capacity Utilization Rate

Wednesday, September 16

• 8:30 a.m. U.S. - Retail Sales m/m, Core Retail Sales m/m
• 10:00 a.m. U.S. - Business Inventories m/m, NAHB Housing Market Index
• 2:00 a.m. U.S. - FOMC Statement, FOMC Economic Projections, Federal Funds Rate
• 2:30 p.m. U.S. - FOMC Press Conference
• 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.

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

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The gold futures contract lost 0.83% on Friday, as it continued to trade within a consolidation along $1,950-2,000. The market retraced most of the recent decline from September 1 local high of $2,001.20 on Thursday, before going back below $1,950. Gold price is trading within an over month-long consolidation, as we can see on the daily chart:

Gold is 0.2% higher this morning, as it is trading within its Friday's range. What about the other precious metals? Silver lost 1.59% on Friday and today it is 0.4% higher. Platinum lost 0.15% and today it is 1.2% higher. Palladium was unchanged on Friday and today it's 0.1% lower. So precious metals are mixed this morning.

Friday's Consumer Price Index release has been slightly higher than expected. Today we won't get any important economic data releases and the financial markets will be waiting for Wednesday's FOMC Statement release.

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

Monday, September 14

• 10:00 p.m. China - Fixed Asset Investment ytd/y, Industrial Production y/y, Retail Sales y/y, Unemployment Rate

Tuesday, September 15

• 5:00 a.m. Eurozone - German ZEW Economic Sentiment
• 8:30 a.m. U.S. - Empire State Manufacturing Index, Import Prices m/m
• 9:15 a.m. U.S. - Industrial Production m/m, Capacity Utilization 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 gained 0.48% on Thursday, as it extended Wednesday's advance of 0.6%. The market has retraced most of the recent decline from September 1 local high of $2,001.20. On Friday intraday volatility has been relatively low despite monthly jobs data release. And the stock market's rout didn't trigger any significant move in gold. Gold price is trading within a month-long consolidation, as we can see on the daily chart:

Gold is 0.1% lower this morning, as it is trading along yesterday's closing price. What about the other precious metals? Silver gained 0.77% on Thursday and today it is 0.3% lower. Platinum gained 1.74% and today it is 0.4% higher. Palladium gained 0.55% on Thursday and today it's 0.1% lower. So precious metals are slightly retracing their yesterday's advances this morning.

Yesterday's U.S. Producer Price Index release has been slightly higher than expected, and the Unemployment Claims have been at 884,000 vs. the expected number of 838,000. Today we will get the Consumer Price Index release at 8:30 a.m.

Below you will find our Gold, Silver, and Mining Stocks economic news schedule for today:

Friday, September 11

• 4:00 a.m. Eurozone - German Buba President Weidmann Speech
• 8:30 a.m. U.S. - CPI m/m, Core CPI m/m
• 2:00 p.m. U.S. - Federal Budget Balance
• 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.

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The gold futures contract gained 0.60% on Wedsnesday, as it continued to fluctuate within a short-term consolidation following last week's decline. The market bounced off $2,000 resistance level. On Friday the intraday volatility has been relatively low despite monthly jobs data release. And the stock market's rout didn't trigger any significant move in gold recently. Gold price is trading within a month-long consolidation, as we can see on the daily chart:

Gold is 0.1% higher this morning, as it is trading along yesterday's closing price. What about the other precious metals? Silver gained 0.34% on Wednesday and today it is 0.5% higher. Platinum gained 1.60% and today it is 0.2% lower. Palladium gained 0.54% on Wednesday and today it's 0.6% lower. So precious metals are mixed this morning.

Yesterday's JOLTS Job Openings release has been better than expected at 6.62 million. Today we will get theECBMonetary Policy Statement at 7:45 a.m. and the ECB Press Conference at 8:30 a.m. We will also get the U.S. Producer Price Index along with the Unemployment Claims 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:

Thursday, September 10

• 7:45 a.m. Eurozone - Main Refinancing Rate, Monetary Policy Statement
• 8:30 a.m. Eurozone - ECB Press Conference
• 8:30 a.m. U.S. - PPI m/m, Core PPI m/m, Unemployment Claims
• 10:00 a.m. U.S. - Final Wholesale Inventories m/m
• 12:30 a.m. Canada - BOC Governor Macklem Speech
• 1:00 p.m. Eurozone - ECB President Lagarde Speech

Friday, September 11

• 4:00 a.m. Eurozone - German Buba President Weidmann Speech
• 8:30 a.m. U.S. - CPI m/m, Core CPI m/m
• 2:00 p.m. U.S. - Federal Budget Balance
• 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.

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The gold futures contract gained 0.46% on Tuesday, as it extended its short-term consolidation following last week's Wednesday's decline of over 1.7%. The market bounced off $2,000 resistance level. On Friday the intraday volatility has been relatively low despite monthly jobs data release. And the stock market's rout didn't trigger any significant move in gold recently. Gold price is trading within a month-long consolidation, as we can see on the daily chart:

Gold is 0.5% lower this morning, as it is trading within yesterday's range. What about the other precious metals? Silver gained 1.04% on Tuesday and today it is 0.7% lower. Platinum gained 1.35% and today it is unchanged. Palladium lost 1.60% on Tuesday and today it's 1.0% lower. So precious metals are lower this morning.

Today we will get the JOLTS Job Openings release at 10:00 a.m. At the same time, Bank of Canada's monetary policy update will be released.

The market will wait for Thursday's ECBMonetary Policy Statement along with the ECB Press Conference.

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

Wednesday, September 9

• 10:00 a.m. U.S. - JOLTS Job Openings
• 10:00 a.m. Canada - BOC Rate Statement, Overnight Rate

Thursday, September 10

• 7:45 a.m. Eurozone - Main Refinancing Rate, Monetary Policy Statement
• 8:30 a.m. Eurozone - ECB Press Conference
• 8:30 a.m. U.S. - PPI m/m, Core PPI m/m, Unemployment Claims
• 10:00 a.m. U.S. - Final Wholesale Inventories m/m
• 12:30 a.m. Canada - BOC Governor Macklem Speech
• 1:00 p.m. Eurozone - ECB President Lagarde 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.

• Read more