The gold futures contract lost 0.18% on Friday, as it continued to fluctuate following Wednesday's decline of over 1.7%. The intraday volatility has been relatively low despite monthly jobs data release. Today gold price continues slightly lower, as it trades 0.5% below yesterday's closing price. The yellow metal remains within a short-term consolidation, as Friday's gold futures chart shows:

What about the other precious metals? Silver is 0.8% lower this morning. Platinum is 1.2% lower and palladium is 0.1% lower. So precious metals are going down this morning.

Today we won't get any important economic data releases.

The market will wait for Thursday's ECB Monetary 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:

Tuesday, September 8

• 6:00 a.m. U.S. - NFIB Small Business Index
• 10:00 a.m. U.S. - IBD/TIPP Economic Optimism

Wednesday, September 9

• 10:00 a.m. U.S. - JOLTS Job Openings
• 10:00 a.m. Canada - BOC Rate Statement, Overnight 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 0.18% on Friday, as it continued to fluctuate following Wednesday's decline of over 1.7%. 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 last week. Gold price is extending its consolidation, as we can see on the daily chart:

Gold is 0.3% lower this morning, as it is flucutating within its Friday's daily trading range. What about the other precious metals? Silver lost 0.61% on Friday and today it is 0.5% lower. Platinum gained 0.97% and today it is 0.7% lower. Palladium gained 0.93% on Friday and today it's 0.1% lower. So precious metals are slightly lower this morning.

Today we won't get any important economic data releases. Because of the Labor Day holiday, there will be no regular trading in the U.S. today.

Friday's Nonfarm Payrolls number has been as expected at +1,371 million. But the Unemployment Rate has declined to 8.4% vs. the expected 9.8%.

Where would the price of gold go after the monthly jobs data release? We've compiled the data since September of 2018, a 24-month-long period of time that contains of twenty four NFP releases. The first chart shows price paths 5 days before and 10 days after the NFP release. We can see that the biggest 10-day advance after the NFP day was +6.6% in February of 2020 and the biggest decline was -12.7% in March of 2020. However, we've had an increased volatility following coronavirus fear then.

The following chart shows the average gold price path before and after the NFP releases for the past 24 months. The market was usually fluctuating for a week before advancing and closing 0.5% higher on the 10th day after the monthly Nonfarm Payrolls release.

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

Monday, September 7

• All Day, U.S. - Bank Holiday

Tuesday, September 8

• 6:00 a.m. U.S. - NFIB Small Business Index
• 10:00 a.m. U.S. - IBD/TIPP Economic Optimism

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 0.35% on Thursday, as it slightly extended its Wednesday's decline of over 1.7%. Precious metals went lower following U.S dollar's advance. The stock market's rout didn't trigger any significant move in gold yesterday. Last month yellow metal has reversed from its new record high of $2,089.20 after much better than expected Nonfarm Payrolls release. The following upward correction reached local high of $2,024.60 on August 18. Since then gold has been fluctuating, as we can see on the daily chart:

Gold is 0.5% higher this morning, as it is retracing some of yesterday's decline. What about the other precious metals? Silver lost 1.90% on Thursday and today it is 1.0% higher. Platinum lost 1.60% and today it is 2.2% higher. Palladium gained 2.39% on Thursday and today it's 1.1% lower. So precious metals are mixed this morning.

Yesterday's ISM Non-Manufacturing PMI release has been as expected and the Unemployment Claims number has been slightly better (lower) than expected at 881,000.

The financial markets are waiting for today's monthly jobs data release. The Nonfarm Payrolls number is expected to drop to +1,375 million from last month's +1,763 million.

Let's focus on today's Nonfarm Payrolls number release. Where would the price of gold go following that news release? We've compiled the data since September of 2018, a 24-month-long period of time that contains of twenty four NFP releases. The first chart shows price paths 5 days before and 10 days after the NFP release. We can see that the biggest 10-day advance after the NFP day was +6.6% in February of 2020 and the biggest decline was -12.7% in March of 2020. However, we've had an increased volatility following coronavirus fear then.

The following chart shows the average gold price path before and after the NFP releases for the past 24 months. The market was usually fluctuating for a week before advancing and closing 0.5% higher on the 10th day after the monthly Nonfarm Payrolls release.

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

Friday, September 4

• 8:30 a.m. U.S. - Non-Farm Payrolls, Unemployment Rate, Average Hourly Earnings m/m
• 8:30 a.m. Canada - Employment Change, Unemployment 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.

• Read more

The gold futures contract lost 1.73% on Wednesday, as it retraced its recent advance following bouncing off $2,000 price level. Gold reversed from its new record high of $2,089.20 a month ago after much better than expected Nonfarm Payrolls release, among other factors. The following upward correction reached local high of $2,024.60 on August 18. Since then gold has been fluctuating, as we can see on the daily chart:

Gold is 0.7% lower this morning, as it is extending yesterday's decline. What about the other precious metals? Silver lost 4.36% on Wednesday and today it is 1.7% lower. Platinum lost 5.10% and today it is 0.1% higher. Palladium lost 1.89% on Wednesday and today it's 3.6% higher. So precious metals are generally going down this morning, as U.S. dollar strengthens.

Yesterday's ADP Non-Farm Employment Change release has been worse than expected at +428,000. Today we will get the Unemployment Claims number at 8:30 a.m. and the ISM Non-Manufacturing PMI release at 10:00 a.m.

The financial markets will be waiting for tomorrow's monthly jobs data release.

Let's focus on the Friday's Nonfarm Payrolls number release. Where would the price of gold go following that news release? We've compiled the data since September of 2018, a 24-month-long period of time that contains of twenty four NFP releases. The first chart shows price paths 5 days before and 10 days after the NFP release. We can see that the biggest 10-day advance after the NFP day was +6.6% in February of 2020 and the biggest decline was -12.7% in March of 2020. However, we've had an increased volatility following coronavirus fear then.

The following chart shows the average gold price path before and after the NFP releases for the past 24 months. The market was usually fluctuating for a week before advancing and closing 0.5% higher on the 10th day after the monthly Nonfarm Payrolls release.

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

Thursday, September 3

• 8:30 a.m. U.S. - Unemployment Claims, Revised Nonfarm Productivity q/q, Revised Unit Labor Costs q/q, Trade Balance
• 9:45 a.m. U.S. - Final Services PMI
• 10:00 a.m. U.S. - ISM Non-Manufacturing PMI

Friday, September 4

• 8:30 a.m. U.S. - Non-Farm Payrolls, Unemployment Rate, Average Hourly Earnings m/m
• 8:30 a.m. Canada - Employment Change, Unemployment 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.

• Read more

The gold futures contract gained 0.02% on Tuesday, as it remained close to short-term local highs. The market bounced off following the decline after Thursday's Fed Chair Powell speech. Gold reversed from its new record high of $2,089.20 on August 7 after much better than expected Nonfarm Payrolls release, among other factors. The following upward correction reached a local high of $2,024.60 on August 18. Since then gold has been fluctuating, as we can see on the daily chart:

Gold is 0.5% lower this morning, as it is retracing some of the recent advance. What about the other precious metals? Silver gained 0.18% on Tuesday and today it is 2.0% lower. Platinum gained 1.58% and today it is 1.5% lower. Palladium gained 1,40% on Tuesday and today it's 1.2% lower. So precious metals' prices are going down this morning.

Yesterday's U.S. ISM Manufacturing PMI release has been better than expected at 56.0. And the stock market went fully risk-on as indexes reached new record highs. Today we will get the important ADP Non-Farm Employment Change release at 8:15 a.m. Then we will have speeches from FOMC Members and the Beige Book release at 2:00 p.m.

The financial 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:

Wednesday, September 2

• 8:15 a.m. U.S. - ADP Non-Farm Employment Change
• 10:00 a.m. U.S. - FOMC Member Williams Speech, Factory Orders m/m
• 12:00 a.m. U.S. - FOMC Member Mester Speech
• 2:00 p.m. U.S. - Beige Book
• 9:45 p.m. China - Caixin Services PMI

Thursday, September 3

• 8:30 a.m. U.S. - Unemployment Claims, Revised Nonfarm Productivity q/q, Revised Unit Labor Costs q/q, Trade Balance
• 9:45 a.m. U.S. - Final Services PMI
• 10:00 a.m. U.S. - ISM Non-Manufacturing PMI

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