The gold futures contract lost 2.57% on Friday following much better than expected U.S. monthly jobs data release. Global markets went risk-on and gold has sold off as a safe-haven asset. On Monday a week ago the price has reached slightly above $1,760 and Friday's daily low fell at $1,671.70. Gold is trading at the bottom of its medium-term consolidation, as we can see on the daily chart:

Gold is gaining 0.6% this morning, as it retraces a fraction of its Friday's decline. Financial markets remain in risk-on mode, as stocks continue to hover along their medium-term highs. What about the other precious metals? Silver lost 3.22% on Friday and today it is 1.2% higher. Platinum lost 4.00% and today it is gaining 1.2%. Palladium gained 1.55% on Friday and today it is 0.9% lower. So precious metals retrace some of their Friday's decline today.

The recent economic data releases have been confirming negative coronavirus impact on global economies. However, Friday's U.S. monthly jobs data came out much better than expected. And the Nonfarm Payrolls number has been positive. But will we get more positive surprises this week? Today the markets will certainly pay attention to the European Central Bank's President Lagarde speech at 9:45 a.m. And tomorrow we will get the U.S. Wholesale Inventories data.

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

Monday, June 8

• 9:45 a.m. Eurozone - ECB President Lagarde Speech

Tuesday, June 9

• 10:00 a.m. U.S. - Final Wholesale Inventories m/m, JOLTS Job Openings
• All Day, Eurozone - ECOFIN 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.

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The gold futures contract gained 1.33% on Thursday, as it retraced most of its Wednesday's decline of 1.7%. On Monday the price has reached slightly above $1,760 and Wednesday's daily low fell at $1,690.30. Gold is still trading within a medium-term consolidation, as we can see on the daily chart:

Gold is trading 1.8% lower this morning following better-than-expected U.S. economic data releases. Financial markets remain in risk-on mode, as stocks continue to hover along their medium-term highs. What about the other precious metals? Silver gained 0.57% on Thursday and today it is 2.3% lower. Platinum gained 0.5% and today is 2.7% lower. Palladium lost 1.81% and today it is 0.6% lower. So precious metals resume their short-term downtrend today.

The recent economic data releases have been confirming negative coronavirus impact on global economies. However, today's U.S. monthly jobs data came out much better than expected. And the Nonfarm Payrolls number has been positive.

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

Friday, June 5

• 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

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 lost 1.68% on Wednesday, as it got back to $1,700 price level. The market has retraced its recent advance despite weakening U.S. dollar. On Monday the price has reached slightly above $1,760 and yesterday's daily low fell at $1,690.30. Gold is still trading within a medium-term consolidation, as we can see on the daily chart:

Gold is trading 0.6% higher this morning. Financial markets remain in risk-on mode, as stocks continue to hover along their medium-term highs. What about the other precious metals? Silver lost 1.65% on Wednesday and today it is 0.5% higher. Platinum lost 0.9% and today is 0.3% higher. Palladium lost 1.23% and today it is 0.2% higher. So precious metals are rebounding after their yesterday's decline.

The recent economic data releases have been confirming negative coronavirus impact on global economies. However, yesterday's ADP Non-Farm Employment Change and the ISM Non-Manufacturing PMI releases came out better than expected. Today, we are getting the European Central Bank's monetary policy updates. But markets' attention will be focusing on tomorrow's U.S. monthly jobs data.

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

Thursday, June 4

• 7:45 a.m. Eurozone - Main Refinancing Rate, Monetary Policy Statement
• 8:30 a.m. U.S. - Unemployment Claims, Revised Nonfarm Productivity q/q, Revised Unit Labor Costs q/q, Trade Balance
• 8:30 a.m. Eurozone - ECB Press Conference
• 8:30 a.m. Canada - Trade Balance

Friday, June 5

• 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

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 0.93% on Tuesday, as it retraced most of Friday's advance of 1.35%. On Monday the price has reached slightly above $1,760. Yesterday's daily low was at $1,728 and today it's getting close to $1,700. Gold is still trading within its medium-term consolidation, as we can see on the daily chart:

Gold is 1.1% lower this morning following better-than-expected U.S. economic data releases. Financial markets remain in risk-on mode, as stocks continue to hover along their medium-term highs. What about the other precious metals? Silver lost 3.01% on Tuesday and today it is 2.2% lower. Platinum lost 3.60% and today is 2.1% lower. Palladium lost 0.29% yesterday and today it is 0.3% higher. So precious metals are trading lower this morning.

The recent economic data releases have been confirming negative coronavirus impact on global economies. Today's ADP Non-Farm Employment Change has been better than expected. However, it was at -2.8 million. Investors will wait for the important ISM Non-Manufacturing PMI number release today. But markets' attention will be focusing on Friday's monthly jobs data release. And tomorrow we will get some quite important European Central Bank's releases.

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

Wednesday, June 3

• 8:15 a.m. U.S. - ADP Non-Farm Employment Change
• 10:00 a.m. U.S. - ISM Non-Manufacturing PMI, Factory Orders m/m
• 10:00 a.m. Canada - BOC Rate Statement, Overnight Rate
• All Day, G7 Meetings

Thursday, June 4

• 7:45 a.m. Eurozone - Main Refinancing Rate, Monetary Policy Statement
• 8:30 a.m. U.S. - Unemployment Claims, Revised Nonfarm Productivity q/q, Revised Unit Labor Costs q/q, Trade Balance
• 8:30 a.m. Eurozone - ECB Press Conference
• 8:30 a.m. Canada - Trade Balance

Friday, June 5

• 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

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 0.08% on Monday, as it fluctuated following Friday's advance of 1.35%. Early last week it has been extending a consolidation after bouncing off $1,700 support level on Wednesday. Gold price is still trading within its medium-term consolidation, as we can see on the daily chart:

Gold is unchanged this morning, as it is still trading along $1,750 price level. Financial markets remain in risk-on mode, as stocks continue to hover along their medium-term highs. What about the other precious metals?: Silver gained 1.77% on Monday and today it is 0.4% lower. Platinum gained 3.03% and today is trading 0.4% lower. Palladium gained 0.79% yesterday and today it is 1.2% higher. So precious metals are mixed this morning.

The recent economic data releases have been confirming negative coronavirus impact on global economies. Yesterday's ISM Manufacturing PMI release came out along with expectations, however still well below 50 mark. There will be no important economic data releases today. The markets will wait for tomorrow's ADP Non-Farm Employment Change and ISM Non-Manufacturing PMI releases.

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

Tuesday, June 2

• 1:30 a.m. Australia - Cash Rate, RBA Rate Statement
• 9:30 p.m. Australia - GDP q/q
• 9:45 p.m. China - Caixin Services PMI

Wednesday, June 3

• 8:15 a.m. U.S. - ADP Non-Farm Employment Change
• 10:00 a.m. U.S. - ISM Non-Manufacturing PMI, Factory Orders m/m
• 10:00 a.m. Canada - BOC Rate Statement, Overnight Rate
• All Day, G7 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