The gold futures contract lost 0.40% on Monday, as yellow metal extended its 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 a week ago on Tuesday.

Gold is unchanged this morning, as it is trading within a mentioned short-term consolidation. What about the other precious metals? Silver lost 0.47% on Monday and today it is 0.1% lower. Platinum lost 0.09% and today it is 1.5% higher. Palladium lost 0.68% on Monday and today it's 0.2% higher. So precious metals' prices are mixed this morning.

Yesterday we didn't get any important economic data releases. The markets will be waiting for Thursday's-Friday's Jackson Hole Symposium's outcomes.

But today we will also get the important CB Consumer Confidence number along with New Home Sales and Richmond Manufacturing Index at 10:00 a.m.

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

Tuesday, August 25

• 2:00 a.m. Eurozone - German Final GDP q/q
• 4:00 a.m. Eurozone - German ifo Business Climate
• 9:00 a.m. U.S. - HPI m/m, S&P/CS Composite-20 HPI y/y
• 10:00 a.m. U.S. - CB Consumer Confidence, New Home Sales, Richmond Manufacturing Index

Wednesday, August 26

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

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.

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The gold futures contract gained just 0.03% on Friday, as it traded within a short-term consolidation following the recent decline below $2,000 price level. Gold reversed lower on August 7 following much better than expected Nonfarm Payrolls release, among other factors. The following upward correction reached a local high of $2,024.60 last Tuesday.

Gold is 0.4% higher this morning, as it is trading along Friday's daily high. What about the other precious metals? Silver lost 1.53% on Friday and today it is 0.1% lower. Platinum lost 0.09% and today it is 1.5% higher. Palladium lost 0.30% on Friday and today it's 0.6% higher. So precious metals' prices are retracing some of their recent declines this morning.

Friday's U.S. Flash Manufacturing PMI/ Flash Services PMI releases have been better than expected. And global financial markets went risk-on, as stocks extended their rally.

Today we won't get any important economic data releases. The markets will be waiting for Thursday's-Friday's Jackson Hole Symposium's outcomes.

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

Monday, August 24

• 9:00 a.m. China - CB Leading Index m/m

Tuesday, August 25

• 2:00 a.m. Eurozone - German Final GDP q/q
• 4:00 a.m. Eurozone - German ifo Business Climate
• 9:00 a.m. U.S. - HPI m/m, S&P/CS Composite-20 HPI y/y
• 10:00 a.m. U.S. - CB Consumer Confidence, New Home Sales, Richmond Manufacturing Index

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 1.21% on Thursday, as it extended its Wednesday's decline of over 2%. The yellow metal's price remained below $2,000. Gold reversed lower after previous Friday's much better than expected Nonfarm Payrolls release. The following upward correction reached a local high of $2,024.60 on Tuesday. And on Wednesday gold declined to a short-term local low of $1,930.50.

Gold is 0.7% lower this morning, as it is trading along yesterday's daily low. What about the other precious metals? Silver lost 0.71% on Thursday and today it is 1.2% lower. Platinum lost 3.07% and today it is 2.0% lower. Palladium gained 0.36% on Thursday and today it's 0.7% lower. So precious metals' prices are lower this morning following strengthening U.S. dollar.

Yesterday's FOMC Unemployment Claims and Philly Fed Manufacturing Index have been worse than expected. However, financial markets were going risk-on and the U.S. stock market went higher.

Today, we got worse than expected PMI numbers from Europe. We will also get the U.S. Flash Manufacturing PMI/ Flash Services PMI release at 9:45 a.m.

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

Friday, August 21

• 3:15 a.m. Eurozone - French Flash Manufacturing PMI, French Flash Services PMI
• 3:30 a.m. Eurozone - German Flash Manufacturing PMI, German Flash Services PMI
• 4:00 a.m. Eurozone - Flash Manufacturing PMI, Flash Services PMI
• 8:30 a.m. Canada - Retail Sales m/m, Core Retail Sales m/m
• 9:45 a.m. U.S. - Flash Manufacturing PMI, Flash Services PMI
• 10:00 a.m. U.S. - Existing Home Sales

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 2.13% on Wednesday, as it retraced this week's advance. The yellow metal's price came back below $2,000. Gold reversed lower after previous Friday's much better than expected Nonfarm Payrolls release. The following upward correction reached a local high of $2,024.60 on Tuesday.

Gold is 0.4% higher this morning, as it is retracing some of yesterday's decline. What about the other precious metals? Silver lost 2.62% on Wednesday and today it is 1.6% higher. Platinum lost 1.96% and today it is unchanged. Palladium lost 2.21% on Wednesday and today it's 1.2% higher. So precious metals are retracing some of their yesterday's declines this morning.

Yesterday's FOMC Meeting Minutes release led to precious metals, stock market's sell-off, as investors feared inflation risk is increasing. Today we will get the Unemployment Claims, Philly Fed Manufacturing Index and CB Leading Index releases.

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

Thursday, August 20

• 8:30 a.m. U.S. - Unemployment Claims, Philly Fed Manufacturing Index
• 8:30 a.m. Canada - ADP Non-Farm Employment Change
• 10:00 a.m. U.S. - CB Leading Index m/m

Friday, August 21

• 3:15 a.m. Eurozone - French Flash Manufacturing PMI, French Flash Services PMI
• 3:30 a.m. Eurozone - German Flash Manufacturing PMI, German Flash Services PMI
• 4:00 a.m. Eurozone - Flash Manufacturing PMI, Flash Services PMI
• 8:30 a.m. Canada - Retail Sales m/m, Core Retail Sales m/m
• 9:45 a.m. U.S. - Flash Manufacturing PMI, Flash Services PMI
• 10:00 a.m. U.S. - Existing Home Sales

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 0.72% on Tuesday, as yellow metal's price further extended its short-term uptrend after breaking above 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. On Tuesday 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 0.7% lower this morning, as it is retracing some of the short-term uptrend. What about the other precious metals? Silver gained 1.47% on Tuesday and today it is 0.7% lower. Platinum gained 0.81% and today it is 1.6% lower. Palladium lost 0.25% on Tuesday and today it's 0.9% lower. So precious metals are trading lower this morning.

Yesterday's Building Permits, Housing Starts release has been better than expected, with both numbers at 1.50 million. And the global financial markets remained risk-on. Today we will get the FOMC Meeting Minutes release at 2:00 p.m.

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

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

Thursday, August 20

• 8:30 a.m. U.S. - Unemployment Claims, Philly Fed Manufacturing Index
• 8:30 a.m. Canada - ADP Non-Farm Employment Change
• 10:00 a.m. U.S. - CB Leading Index 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