The gold futures contract gained 0.05% on Monday, as it extended its short-term consolidation along last Wednesday’s new yearly high of $1,796.10. The market continued its long-term uptrend last week. The recent economic data releases didn’t bring any new surprises for the financial markets. However, gold broke above the medium-termlocal highs, as we can see on the daily chart:


Gold is trading 0.2% lowerthis morning, as it is fluctuating within a short-term consolidation. What about the other precious metals? Silver gained 0.16% on Monday and today it is 0.2% lower. Platinum gained1.09% yesterday and today it is unchanged, palladium gained 2.04% on Monday and today it’s down 0.1%. So precious metals extend their short-term fluctuations this morning.

Yesterday’s economic data releases from China have been slightly better than expected. The PMI numbers are above 50 mark again. Today we will get the important Consumer Confidence release at 10:00 a.m. and then at 12:30 p.m. the Fed Chair Powell will testify. But investors will be waiting for Thursday’s monthly jobs data release. And tomorrow we will get the ADP Non-Farm Employment Changealong with the ISM Manufacturing PMI numbers.

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


Tuesday, June 30

  • 8:30 a.m. Canada - GDP m/m

  • 9:45 a.m. U.S. - Chicago PMI

  • 10:00 a.m. U.S. - CB Consumer Confidence

  • 12:30 a.m. U.S. - Fed Chair Powell Testimony

  • 2:00 p.m. U.S. - FOMC Member Kashkari Speech

  • 9:45 p.m. China - Caixin Manufacturing PMI


Wednesday, July 1

  • 3:50 a.m. Eurozone - French Final Manufacturing PMI

  • 3:55 a.m. Eurozone - German Final Manufacturing PMI

  • 4:00 a.m. Eurozone - Final Manufacturing PMI

  • 8:15 a.m. U.S. - ADP Non-Farm Employment Change

  • 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

  • 2:00 p.m. U.S. - FOMC Meeting Minutes

  • All Day, Canada - Bank Holiday



Want free follow-ups to the above article and details not available to 99%+ investors? Sign up to our free newsletter today!


All essays, research and information found above represent analyses and opinions of Przemyslaw Radomski, CFA and Sunshine Profits' employees and associates only. As such, it may prove wrong and be a subject to change without notice. Opinions and analyses were based on data available to authors of respective essays at the time of writing. Although the information provided above is based on careful research and sources that are believed to be accurate, Przemyslaw Radomski, CFA and his associates do not guarantee the accuracy or thoroughness of the data or information reported. The opinions published above are neither an offer nor a recommendation to purchase or sell any securities. Mr. Radomski is not a Registered Securities Advisor. By reading Przemyslaw Radomski's, CFA reports you fully agree that he will not be held responsible or liable for any decisions you make regarding any information provided in these reports. Investing, trading and speculation in any financial markets may involve high risk of loss. Przemyslaw Radomski, CFA, Sunshine Profits' employees and affiliates as well as members of their families may have a short or long position in any securities, including those mentioned in any of the reports or essays, and may make additional purchases and/or sales of those securities without notice.

Feed news

Latest Forex Analysis

Latest Forex Analysis

Editors’ Picks

EUR/USD hits three-week highs after the Fed, dismal US growth figures

EUR/USD approaches 1.1900, hitting the highest in three weeks. The dollar is falling across the board after the Fed refrained from pre-announcing tapering and sees inflation as transitory. German CPI beat estimates with 3.8% YoY in July. US GDP misses expectations.


GBP/USD soars above 1.3950 on Fed dovishness, Brexit optimism

GBP/USD is trading above 1.40, extending its gains after the Fed seemed reluctant to taper bond buys. The EU's suspension of legal action over the NI protocol supports sterling. UK scraps quarantine rules for fully vaccinated EU, US travelers.


XAU/USD climbs to two-week tops, beyond 200-DMA post-US GDP

Gold built on the previous day's post-FOMC rebound from the vicinity of the $1,790 horizontal support and gained strong follow-through traction on Thursday. 

Gold News

SPY up, GDP down, China goes green, FB goes red, RobinHOOD launches

China stocks went green for the day on Wednesday and no it wasn't St. Patrick's day but perhaps a dead cat bounce? The Fed certainly helped the green shoots as it continued its doveish stance saying there was no sign yet of dialing back ultra-loose policy.

Read more

XRP in a league of its own as BTC and ETH  pull back

Bitcoin price is setting the stage for a pullback after a 40% upswing. Ethereum price is following BTC but might undergo consolidation. Ripple price defies its run-up, suggesting a minor correction might be enough before another rally begins.

Read more