The gold futures contract gained 0.19% on Monday, as it remained close to short-term highs. The market bounced off following the recent 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 1.2% higher this morning, as it is extending the short-term advance. What about the other precious metals? Silver gained 2.89% on Monday and today it is 2.6% higher. Platinum lost 0.22% and today it is 2.7 % higher. Palladium gained 2.14% on Monday and today it's 2.0% higher. So precious metals are gaining again this morning.

Yesterday we didn't get any important economic data announcements. Today there will be U.S. ISM Manufacturing PMI release at 10:00 a.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:

Tuesday, September 1

• 12:30 a.m. Australia - Cash Rate, RBA Rate Statement
• 3:55 a.m. Eurozone - German Final Manufacturing PMI, German Unemployment Change
• 9:30 a.m. Canada - Manufacturing PMI
• 9:45 a.m. U.S. - Final Manufacturing PMI
• 10:00 a.m. U.S. - ISM Manufacturing PMI, Construction Spending m/m, ISM Manufacturing Prices
• 9:30 p.m. Australia - GDP q/q

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

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 2.19% on Friday, as it got back to last week's short-term local high. Thursday's Fed Chair Powell speech led to an increased intraday volatility, as gold spiked higher before the decline. 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.

Gold is 0.1% higher this morning, as it is trading along Friday's closing price. What about the other precious metals? Silver gained 2.83% on Friday and today it is 1.6% higher. Platinum gained 1.28% and today it is 0.7 % higher. Palladium gained 1.87% on Friday and today it's 0.9% higher. So precious metals are gaining this morning.

Friday's Personal Income, Personal Spending, Chicago PMI and Consumer Sentiment releases have been better than expected.

Today we won't get any important economic data announcements. 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:

Monday, August 31

• 9:00 a.m. U.S. - FOMC Member Clarida Speech
• 9:45 p.m. China - Caixin Manufacturing PMI

Tuesday, September 1

• 12:30 a.m. Australia - Cash Rate, RBA Rate Statement
• 3:55 a.m. Eurozone - German Final Manufacturing PMI, German Unemployment Change
• 9:30 a.m. Canada - Manufacturing PMI
• 9:45 a.m. U.S. - Final Manufacturing PMI
• 10:00 a.m. U.S. - ISM Manufacturing PMI, Construction Spending m/m, ISM Manufacturing Prices
• 9:30 p.m. Australia - GDP q/q

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 1.02% on Thursday, as it continued to trade within a short-term consolidation following the recent decline below $2,000 price level. Yesterday's Fed Chair Powell speech led to an increased intraday volatility, as gold spiked higher before the decline. Gold reversed from its news 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 last week's Tuesday.

Gold is 1.7% higher this morning, as it is getting back closer to yesterday's daily high. What about the other precious metals? Silver lost 1.54% on Thursday and today it is 2.4% higher. Platinum lost 1.24% and today it is 1,. % higher. Palladium was unchanged on Thursday and today it's also unchanged. So precious metals' prices are retracing their yesterday's decline this morning.

Yesterday's GDP, Unemployment Claims releases have been as expected. On the other hand, the Pending Home Sales number has been better than expected. But the Fed Chair Powell speech caught the most attention and led to an increased volatility.

Today we will get the Personal Income, Personal Spending, Wholesale Inventories and Chicago PMI along with the Consumer Sentiment releases.

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

Friday, August 28

• 8:30 a.m. U.S. - Personal Spending m/m, Personal Income m/m, Core PCE Price Index m/m, Goods Trade Balance, Preliminary Wholesale Inventories m/m
• 8:30 a.m. Canada - GDP m/m
• 9:45 a.m. U.S. - Chicago PMI
• 10:00 a.m. U.S. - Revised UoM Consumer Sentiment
• All Day, U.S. - Jackson Hole Symposium Day 2

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 1.53% on Wednesday, as it retraced most of Monday's-Tuesday's decline. However, the yellow metal continued to trade within a short-term consolidation following the recent decline below $2,000 price level. Gold reversed lower 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 more than a week ago on Tuesday.

Gold is 0.9% lower this morning, as it is extending the mentioned short-term consolidation. What about the other precious metals? Silver gained 4.48% on Wednesday and today it is 1.6% lower. Platinum gained 0.62% and today it is 0.5% lower. Palladium gained 0.86% on Wedsneday and today it's 0.1% lower. So precious metals' prices are extending their short-term consolidation today.

Yesterday's Durable Goods Orders release has been better than expected at +11.2%. The stock market rallied and reached new record highs despite some clear technical overbought conditions. And gold was gaining as an inflation hedge.

Today we will get series of economic data releases, including GDP number, Unemployment Claims and Pending Home Sales. But certainly the Fed Chair Powell speech at 9:10 a.m. will get the most attention this morning.

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

Thursday, August 27

• 8:30 a.m. U.S. - Preliminary GDP q/q, Unemployment Claims
• 9:10 a.m. U.S. - Fed Chair Powell Speech
• 10:00 a.m. U.S. - Pending Home Sales m/m
• 11:15 a.m. Canada - BOC Governor Macklem Speaks
• All Day, U.S. - Jackson Hole Symposium Day 1

Friday, August 28

• 8:30 a.m. U.S. - Personal Spending m/m, Personal Income m/m, Core PCE Price Index m/m, Goods Trade Balance, Preliminary Wholesale Inventories m/m
• 8:30 a.m. Canada - GDP m/m
• 9:45 a.m. U.S. - Chicago PMI
• 10:00 a.m. U.S. - Revised UoM Consumer Sentiment
• All Day, U.S. - Jackson Hole Symposium Day 2

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 0.83% on Tuesday, as it extended its short-term consolidation following recent decline below $2,000 price level. Gold reversed lower 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 a week ago on Tuesday.

Gold is 0.6% lower this morning, as it is trading along its short-term local lows. What about the other precious metals? Silver lost 1.26% on Tuesday and today it is 0.9% lower. Platinum gained 1.03% and today it is 1.5% lower. Palladium gained 0.30% on Tuesday and today it's 0.6% lower. So precious metals' prices are going down this morning.

Yesterday's CB Consumer Confidence release has been worse than expected. However, financial markets remained risk-on, as stocks extended their multi-year bull market. Today we will get Durable Goods Orders number at 8:30 a.m. But investors will be waiting for tomorrow's Fed talk and the U.S. preliminary GDP release.

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

Wednesday, August 26

• 8:30 a.m. U.S. - Durable Goods Orders m/m, Core Durable Goods Orders m/m

Thursday, August 27

• 8:30 a.m. U.S. - Preliminary GDP q/q, Unemployment Claims
• 9:10 a.m. U.S. - Fed Chair Powell Speech
• 10:00 a.m. U.S. - Pending Home Sales m/m
• 11:15 a.m. Canada - BOC Governor Macklem Speaks
• All Day, U.S. - Jackson Hole Symposium Day 1

What future gold price behavior may be? Let's take a look at our proprietary Gold True Seasonality for the third quarter of 2020 where we combined the regular seasonality with the effect of the expiration of options and accuracy estimation. The yearly seasonal pattern of the price of gold was calculated using a 18-year-long period from 2002 to 2019 and then adjusted for the expiration of options that we observed between 2009 and 2019.

We can see that gold is usually going higher in the end of August. However, notice the declining accuracy in that period too. Then in September the market is trading within a consolidation.

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