GoldPrice

Good morning traders, and happy Friday. There wasn’t a great deal on the economic calendar this week, so without much to breakdown we can send everyone home early for the weekend. So, what kind of week has it been?

Happy Monday traders, welcome to your look at the macroeconomic week ahead as it pertains to gold markets. This morning gold spot price is trading roughly where it had closed last week’s session on Friday, but that doesn’t quite tell the whole story.

Happy Friday traders, quite a start to the day (and end to the week) that we’re seeing. At the time of writing, just after the release of more lackluster PMI data (this time for the service sector of the US economy,) gold prices have ridden a healthy bid following the April Jobs Report and are now looking to retake the $1280/oz level to close the week.

Good morning traders, welcome to a very crowded preview of the week ahead’s macroeconomic calendar. After holding up well in Sunday evening trading, gold prices are down roughly $5 from last week’s close as we begin Monday’s US session.

This week has been very back-loaded for gold traders. After spot prices spent the first half of the week flirting with new lows beneath $1270/oz, Thursday and Friday’s gold trading—spurred on by some quietly concerning data on the US Economy—drew a decidedly upward trajectory that has lead to a break back above $1285.

Good morning traders, welcome back to another week in the metals markets. After opening Sunday evening on the uptick following a long weekend, gold prices have sunk a bit and returned to their Thursday afternoon levels now trading at $1275/oz.