The gold futures contract gained 0.58% on Monday, as it retraced some of its Friday's 2% drop from new record high price level of 2,089.20. The market has reversed sharply lower following better-than-expected Nonfarm Payrolls release. Last week gold reached the highest in history following U.S. dollar sell-off, among other factors.

Gold is 2.3% lower this morning, as the market is extending its short-term downtrend following Friday's reversal. What about the other precious metals? Silver gained 6.25% on Monday and today it is 4.0% lower. Platinum gained 3.33% and today it is 3.1% lower. Palladium gained 4.31% on Monday and today it's 2.2% lower. So precious metals are extending their short-term decline this morning.

Yesterday's JOLTS Job Openings release has been better than expected at 5.89 million. And today's German ZEW Economic Sentiment has also been better than expected at 64.0. The markets are going risk-on this morning and that is leading to another sell-off in gold price.

Today we will also get the relatively important U.S. Producer Price Index release 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 11

• 5:00 a.m. Eurozone - ZEW Economic Sentiment, German ZEW Economic Sentiment
• 6:00 a.m. U.S. - NFIB Small Business Index
• 8:30 a.m. U.S. - PPI m/m, Core PPI m/m

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

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 has reached yet another new record high on Friday at the price level of 2,089.20. However, the market reversed sharply lower following better-than-expected Nonfarm Payrolls release. And it closed 2.00% below Thursday's closing price, at $2,028.00. Gold price reached the highest in history following U.S. dollar sell-off, among other factors.

Gold is 0.1% lower this morning, as the market is fluctuating following Friday's downward reversal. What about the other precious metals? Silver lost 3.03% on Friday and today it is 0.1% higher. Platinum lost 4.29% and today it is 0.8% higher. Palladium lost 3.66% on Friday and today it's also 0.8% higher. So precious metals are trading sideways this morning.

Friday's Nonfarm Payrolls release has been better than expected at +1.763 million, despite Wednesday's ADP Non-Farm Employment Change number of only 167,000.

Today we will get the JOLTS Job Openings release at 10:00 a.m. The markets will wait for tomorrow's Producer Price Index and Wednesday's Consumer Price Index releases.

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

Monday, August 10

• 10:00 a.m. U.S. - JOLTS Job Openings

Tuesday, August 11

• 5:00 a.m. Eurozone - ZEW Economic Sentiment, German ZEW Economic Sentiment
• 6:00 a.m. U.S. - NFIB Small Business Index
• 8:30 a.m. U.S. - PPI m/m, Core PPI m/m

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 has further extended its long-term uptrend on Thursday after breaking above the short-term consolidation along $2,000 mark earlier in the week. The market reached new record high at the level of $2,081.80 yesterday and it closed 0.98% above Wednesday's closing price. Gold price remains the highest in history following U.S. dollar sell-off, among other factors.

Gold is 0.3% lower this morning, as the market is retracing some of yesterday's advance. What about the other precious metals? Silver rallied 5.62% on Wednesday and today it is 2.1% lower. Platinum gained 2.51% and today it is 2.5% lower. Palladium gained 1.98% yesterday and today it's 3.3% lower. So precious metals are trading within a short-term downward correction this morning.

Yesterday's Unemployment Claims release has been better than expected at 1,186 million. And China's Trade Balance release at 11:00 p.m. has been much higher than expected.

Today we will get the important U.S. monthly jobs data release. Nonfarm Payrolls number is expected to decline to +1,530 million from 4,800 million a month ago. However, Wednesday's ADP Non-Farm Employment Change has been much worse than expected at only 167,000.

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

Friday, August 7

• 8:30 a.m. U.S. - Non-Farm Employment Change, Unemployment Rate, Average Hourly Earnings m/m
• 8:30 a.m. Canada - Employment Change, Unemployment Rate
• 10:00 a.m. U.S. - Final Wholesale Inventories m/m
• 3:00 p.m. U.S. - Consumer Credit m/m

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 has further accelerated its long-term uptrend on Wednesday following the recent short-term consolidation along $2,000 mark. The market reached new record high at the level of $2,070.30 yesterday and it closed 1.40% above Tuesday's closing price. Gold price remains the highest in history following U.S. dollar sell-off, among other factors.

Gold is 0.5% higher this morning, as the market is trading along the record high. What about the other precious metals? Silver rallied 3.31% on Tuesday and today it is 3.7% higher. Platinum gained 3.55% and today it is 0.8% higher. Palladium gained 2.07% yesterday and today it's 0.4% higher. So precious metals are trading along their new highs this morning.

Yesterday's ADP Non-Farm Employment Change release has been much worse than expected at just +167,000. But the ISM Non-Manufacturing PMI has been better than expected.

Today we will get the weekly Unemployment Claims number, among others. And the markets will be waiting for the important monthly jobs data release tomorrow.

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

Thursday, August 6

• 7:30 a.m. U.S. - Challenger Job Cuts y/y
• 8:30 a.m. U.S. - Unemployment Claims
• 10:00 a.m. U.S. - FOMC Member Kaplan Speech
• 9:30 p.m. Australia - RBA Monetary Policy Statement
• Tentative, China - Trade Balance, USD-Denominated Trade Balance

Friday, August 7

• 8:30 a.m. U.S. - Non-Farm Employment Change, Unemployment Rate, Average Hourly Earnings m/m
• 10:00 a.m. U.S. - Final Wholesale Inventories m/m
• 3:00 p.m. U.S. - Consumer Credit m/m

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 accelerated its long-term uptrend on Tuesday following the recent short-term consolidation along $2,000 mark. The market reached new record high at the level of $2,037.70 yesterday and it closed 1.75% above Monday's closing price. Gold price remains the highest in history following U.S. dollar sell-off, among other factors.

Gold is 1.0% higher this morning, as the market is further extending the uptrend following breaking above $2,000. What about the other precious metals? Silver rallied 6.60% on Tuesday and today it is 3.2% higher. Platinum gained 2.59% and today it is 2.1% higher. Palladium gained 1.45% yesterday and today it's 1.6% higher. So precious metals are further extending their uptrend this morning.

Yesterday's Factory Orders release has been better than expected at +6.2%. Today we will get the ADP Non-Farm Employment Change release at 8:15 a.m. We will also get the ISM Non-Manufacturing PMI at 10:00 a.m. And the markets will be waiting for the important monthly jobs data release on Friday.

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

Wednesday, August 5

• 8:00 a.m. Japan - BOJ Governor Kuroda Speech
• 8:15 a.m. U.S. - ADP Non-Farm Employment Change
• 8:30 a.m. U.S. - Trade Balance
• 9:45 a.m. U.S. - Final Services PMI
• 10:00 a.m. U.S. - ISM Non-Manufacturing PMI
• 5:00 p.m. U.S. - FOMC Member Mester Speech

Thursday, August 6

• 7:30 a.m. U.S. - Challenger Job Cuts y/y
• 8:30 a.m. U.S. - Unemployment Claims
• 10:00 a.m. U.S. - FOMC Member Kaplan Speech
• 9:30 p.m. Australia - RBA Monetary Policy Statement
• Tentative, China - Trade Balance, USD-Denominated Trade Balance

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