Economic Calendar
Key economic events from the US, Germany, UK, China, and Japan that impact precious metal prices
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About the Economic Calendar
- What is the economic calendar?
- The economic calendar shows upcoming and recent macroeconomic data releases and policy decisions from the world's largest economies. Events like Federal Reserve interest rate decisions, Non-Farm Payrolls (NFP), Consumer Price Index (CPI), and Purchasing Managers' Index (PMI) are tracked because they directly influence precious metal prices.
- How do economic events affect gold and silver prices?
- Economic data affects metals through several channels. Higher-than-expected inflation (CPI) tends to push gold prices up as investors seek hedges. Federal Reserve rate decisions impact the opportunity cost of holding gold. Weaker employment data (NFP) can boost metals as it signals potential monetary easing. Central bank decisions from major economies create volatility across all precious metals.
- Which countries are tracked on this calendar?
- We track the five economies whose data most moves precious metal prices: the United States (Fed, NFP, CPI), Germany (as a proxy for the Eurozone/ECB), the United Kingdom (Bank of England), China (PBOC, manufacturing PMI), and Japan (Bank of Japan). These economies account for the majority of global gold demand and monetary policy influence.
- What do the impact levels mean?
- Events are classified as high, medium, or low impact. High-impact events (shown with a red dot) like Fed rate decisions, NFP, and CPI releases typically cause significant price movements in gold, silver, and other metals. Medium-impact events (orange dot) can cause moderate volatility. Low-impact events (gray dot) generally have minimal direct effect on metal prices.