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US producer prices took an unexpected fall in September due to the drop in the cost of goods and services. The producer price index (PPI) fell -0.3% last month vs. 0.1% expected after a 0.1% increase in August according to a report released on Tuesday by the Labor Department.

Good morning, traders. Welcome to our weekly look at the macroeconomic calendar for the precious metals and Dollar markets. At the time of writing this morning, gold and silver prices are markedly softer; having sold lower throughout overnight trading following a sharp gap higher at the weekly open, which was quickly faded by sellers.

Happy Friday, traders. It’s been a wild week for gold and silver markets, one that has seen the spot price for gold close Friday’s trading just below $1505/oz. So, with no time to spare, what kind of week has it been?

The US economy added 136,000 new jobs in September according to a government report released on Friday. The figure is below expectations of 150,000 jobs, marking the slowest pace of growth in four months and adding to fears of a looming recession.

The service sector grew at a slower rate than expected in September according to the ISM Non-Manufacturing Index which was released on Thursday. The index came in at a reading of 52.6 compared to 55.3 expected by economists surveyed by the Dow Jones. The reading was the lowest pace of growth since August 2016, resulting in a stock market selloff and an uptick in the price of gold.

Last week saw a moderate increase in the number of Americans applying for unemployment benefits. Initial jobless claims rose 3,000 to 213,000 during the week ended September 21 according to a report released on Thursday by the Labor Department. Figures for the prior week were revised upward by 2,000, and overall, the data is still in line with a healthy labor market.

Private payrolls increased by 135,000 jobs vs. 157,000 in August and 125,000 expected in September according to a report released by ADP and Moody Analytics on Wednesday. The monthly average for 2019 so far is 145,000, down from 214,000 in 2018, indicating a significant hiring slowdown.

The ISM US manufacturing Purchasing Manager’s Index sunk to the lowest point since June 2009 according to a report released on Tuesday. The index came in at 47.8, marking the second month of contraction in a row.

Good morning, traders. Welcome to Monday, and your look ahead at this week’s macroeconomic calendar as it relates to gold, silver and Dollar markets. Gold prices are solidly lower this morning, having failed an attempt to retake $1500/oz just after last night’s global commodities open. Gold spot has broken below $1490, while silver spot prices have fallen through technical support at $17.50 to start the week.

Happy Friday, traders. Welcome to your recap of the week in precious metals markets. Gold prices are markedly lower this afternoon, as the most recent wave of risk-off headlines seem to have come too late to rescue the yellow metal from what has been a strong week for the US Dollar.

Durable goods orders in the US fell unexpectedly in August, although shipments saw a modest increase. Orders for goods meant to last three years or more rose 0.2% after a major increase of 0.2% the month before, indicating weaker business investment.

US consumer spending saw almost flat activity in August, an indicator that the driving force behind the US economy is slowing down following strong growth in Q2 2019. Core-PCE, the preferred measure of inflation, came in at 1.8% as expected. A report released by the Commerce Department on Friday shows just 0.1% growth in personal spending last month vs. 0.3% expected.