The gold futures contract gained 2.51% on Monday, as yellow metal's price broke above its short-term local highs along $1,970-1,975. It has been fluctuating following last week's Wednesday's-Thursday's bounce from the local low of $1,874.20. Yesterday the market has retraced more of its 10.3% decline off new record high of $2,089.20. Gold reversed sharply lower following previous Friday's Nonfarm Payrolls release, among other factors. The bounce still looks like an upward correction, as we can see on the daily chart:

Gold is 1.0% higher this morning, as it continues to trade within a short-term uptrend. What about the other precious metals? Silver gained 6.05% on Monday and today it is 2.7% higher. Platinum gained 0.89% and today it is 1.5% higher. Palladium gained 4.20% on Monday and today it's 0.2% higher. So precious metals are extending their advance this morning.

Yesterday's Empire State Manufacturing Index release has been much worse than expected at only 3.7 vs. a forecast of 14.6. However, the global financial markets remained risk-on. Today we will get Building Permits, Housing Starts numbers at 8:30 a.m.

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

Tuesday, August 18

• 8:30 a.m. U.S. - Building Permits, Housing Starts

Wednesday, August 19

• 5:00 a.m. Eurozone - Final CPI y/y, Final Core CPI y/y
• 2:00 p.m. U.S. - FOMC Meeting Minutes
• All Day - OPEC-JMMC 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 lost 1.05% on Friday, as it fluctuated following Wednesday's-Thursday's bounce from the local low of $1,874.20. The market has retraced some of the recent 10.3% decline off new record high of $2,089.20. Gold reversed sharply lower following previous Friday's Nonfarm Payrolls release, among other factors. The bounce looks like an upward correction, as we can see on the daily chart:

Gold is 0.5% higher this morning, as it is extending a short-term consolidation. What about the other precious metals? Silver lost 5.88% on Friday and today it is 1.7% higher. Platinum lost 2.43% and today it is 1.7% higher. Palladium lost 3.29% on Friday and today it's 2.4% higher. So precious metals are gaining this morning.

Friday's weekly U.S. Retail Sales release has been slightly worse than expected at +1.2%. But the Core Retail Sales number was at +1.9%. The Industrial Production, Consumer Sentiment and Business inventories have been as expected.

Today we will get the Empire State Manufacturing Index at 8:30 a.m.

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

Monday, August 17

• 8:30 a.m. U.S. - Empire State Manufacturing Index
• 10:00 a.m. U.S. - NAHB Housing Market Index

Tuesday, August 18

• 8:30 a.m. U.S. - Building Permits, Housing Starts

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 1.10% on Thursday, as it retraced more of the short-term decline from last Friday's high of $2,089.20. The market fell 10.3% off that new price record. Gold reversed sharply lower following last week's Nonfarm Payrolls release, among other factors. Wednesday's-Thursday's bounce looks like an upward correction, as we can see on the daily chart:

Gold is 0.3% lower this morning, as it continues to trade along $1,950 price level. What about the other precious metals? Silver gained 6.69% on Thursday and today it is 2.6% lower. Platinum gained 2.48% and today it is 0.7% lower. Palladium gained 2.24% on Thursday and today it's 0.2% higher. So precious metals are mixed this morning.

Yesterday's weekly U.S. Unemployment Claims release has been better than expected at less than one million. Today we will get the important Retail Sales release. We will also get the Industrial Production number at 9:15 a.m., then the Consumer Sentiment and Business inventories at 10:00 a.m.

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

Friday, August 14

• 5:00 a.m. Eurozone - Flash GDP q/q, Flash Employment Change q/q, Trade Balance
• 8:30 a.m. U.S. - Retail Sales m/m, Core Retail Sales m/m, Preliminary Nonfarm Productivity q/q, Prelim Unit Labor Costs q/q
• 9:15 a.m. U.S. - Industrial Production m/m, Capacity Utilization Rate
• 10:00 a.m. U.S. - Preliminary UoM Consumer Sentiment, Business Inventories m/m, Preliminary UoM Inflation Expectations

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 has extended its sell-off yesterday before bouncing from new short-term low of $1,874.20 and retracing some of the decline. The market fell 10.3% off its last Friday's new record high price level of $2,089.20. Gold reversed sharply lower following Friday's Nonfarm Payrolls release, among other factors. For now, yesterday's bounce looks like an upward correction, as we can see on the daily chart:

Gold is 1.2% higher this morning, as it is trading along $1,950 price level. What about the other precious metals? Silver lost 0.27% on Wednesday and today it is 4.2% higher. Platinum lost 1.26% and today it is 2.6% higher. Palladium lost 0.31% on Wednesday and today it's 1.0% higher. So precious metals are retracing some more of their recent decline this morning.

Yesterday's U.S. Consumer Price Index release has been bigger than expected at +0.6%. Just like Tuesday's Producer's inflation gauge. Today we will get the Unemployment Claims number at 8:30 a.m. And the markets will be waiting for tomorrow's Retail Sales release.

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

Thursday, August 13

• 8:30 a.m. U.S. - Unemployment Claims, Import Prices m/m
• 1:01 p.m. U.S. - 30-y Bond Auction
• 7:30 p.m. Australia - RBA Governor Lowe Speech
• 10:00 p.m. China - Fixed Asset Investment ytd/y, Industrial Production y/y, Retail Sales y/y, Unemployment Rate

Friday, August 14

• 5:00 a.m. Eurozone - Flash GDP q/q, Flash Employment Change q/q, Trade Balance
• 8:30 a.m. U.S. - Retail Sales m/m, Core Retail Sales m/m, Preliminary Nonfarm Productivity q/q, Prelim Unit Labor Costs q/q
• 9:15 a.m. U.S. - Industrial Production m/m, Capacity Utilization Rate
• 10:00 a.m. U.S. - Preliminary UoM Consumer Sentiment, Business Inventories m/m, Preliminary UoM Inflation Expectations

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 4.58% on Tuesday, as it accelerated its short-term decline from Friday's new record high price level of $2,089.20. The market has reversed sharply lower following Friday's Nonfarm Payrolls release, among other factors. Yesterday's sell-off has been significant, as gold price got close to $1,900 mark.

Gold is 1.0% higher this morning after breaking well below $1,900 and bouncing back. What about the other precious metals? Silver lost a stunning 10.98% on Tuesday and today it is 1.8% higher. Platinum lost 3.12% and today it is unchanged. Palladium lost 4.20% on Tuesday and today it's 1.2% higher. So precious metals are retracing some of their sharp decline this morning.

Yesterday's U.S. Producer Price Index release has been bigger than expected at +0.6%. And today we will get the Consumer Price Index at 8:30 a.m. We will also get a speech from the FOMC Member Kaplan at 11:00 a.m.

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

Wednesday, August 12

• 8:30 a.m. U.S. - CPI m/m, Core CPI m/m
• 11:00 a.m. U.S. - FOMC Member Kaplan Speech
• 1:01 p.m. U.S. - 10-y Bond Auction
• 2:00 p.m. U.S. - Federal Budget Balance
• 9:30 p.m. Australia - Employment Change, Unemployment Rate

Thursday, August 13

• 8:30 a.m. U.S. - Unemployment Claims, Import Prices m/m
• 1:01 p.m. U.S. - 30-y Bond Auction
• 7:30 p.m. Australia - RBA Governor Lowe Speech
• 10:00 p.m. China - Fixed Asset Investment ytd/y, Industrial Production y/y, Retail Sales y/y, 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