Economic Calendar for Gold
The releases that move gold, when they come out, how each one usually moves the price, and what gold actually did on the same release in the past. Click any event to see its guide and its history.
Eurozone Flash CPI
Wed, Nov 4 · TBC · in 4h 40mHotter: mildly bullish. On the last 12 release days gold moved 1.37% on average in either direction.
Times are shown in UTC. Calendar data refreshed Nov 1, 2026. Forecasts are not on the calendar yet, so every comparison is with the previous reading.
How gold reacts to economic news
Gold pays no interest and is priced in US dollars, so what moves it most is the outlook for US interest rates and the dollar. When data suggests rates will stay high or rise, bond yields and the dollar tend to rise and gold tends to fall. When data suggests rates will fall, the reverse tends to happen. That is the whole key: stronger growth, hotter inflation and a tighter job market are usually bad for gold in the short term, and weaker ones are usually good.
It is a tendency, not a rule. Markets react to the gap between a figure and what was expected, the first move often reverses, and in a crisis gold can rise on bad news as a safe haven. The history in each event’s panel shows how big the effect has really been: over the long run the average difference between a higher and a lower reading is small, and it changes from one period to the next, so treat the key as what to watch for, not as a prediction. Use it to know what to watch, and see the live gold price for what has happened.
Key: what each kind of release usually means for gold
| Kind of release | Examples | Stronger, hotter or tighter | Weaker, cooler or easier |
|---|---|---|---|
| Federal Reserve decision | FOMC | Bearish for gold | Bullish for gold |
| Inflation | CPI, PCE, PPI | Bearish for gold | Bullish for gold |
| Jobs | NFP, ADP, JOLTS | Bearish for gold | Bullish for gold |
| Unemployment | JOBLESS CLAIMS, GB JOBS | Bullish for gold | Bearish for gold |
| Growth and activity | GDP, RETAIL SALES, ISM MANUFACTURING, ISM SERVICES | Bearish for gold | Bullish for gold |
| Sentiment | CONSUMER SENTIMENT, CONSUMER CONFIDENCE | Bearish for gold | Bullish for gold |
| Central bank decision | ECB, BOE, BOJ, SNB | Bullish for gold | Bearish for gold |
| Inflation outside the US | EU CPI, GB CPI | Bullish for gold | Bearish for gold |
| Physical demand | CN GDP | Bullish for gold | Mixed for gold |
Frequently asked questions
+Which economic releases move the gold price most?
The Federal Reserve's interest rate decisions and the US inflation and jobs reports: CPI, PCE and non-farm payrolls. They change what markets expect for US interest rates, and the rate outlook is the biggest driver of the dollar price of gold. GDP, retail sales and the ISM surveys matter less, and releases from other countries move gold mainly through the dollar.
+Why does gold usually fall when inflation comes in hotter than expected?
Because a hotter reading makes it more likely that the central bank keeps rates high or raises them, which lifts bond yields and the dollar. Gold pays no interest, so higher yields make it less attractive. It can behave the other way when inflation is the main worry and the central bank is seen as slow to react, so the first move sometimes reverses.
+Is a strong jobs report good or bad for gold?
Usually bad, in the short term. Strong hiring gives the Federal Reserve room to keep rates high, which supports the dollar and yields. A weak report does the reverse and tends to lift gold. The effect can be muted if the report was widely expected, which is why traders compare the figure with forecasts.
+Why does the calendar compare with the previous reading and not the forecast?
The calendar source publishes the schedule and figures but not economists' forecasts, so the page compares each new reading with the previous one. Markets react to the gap between the figure and the forecast, so a reading that is higher than the previous one can still be below forecast. Forecasts are planned for a later version.
+What does 'gold that day' mean?
It is the percentage change in the gold price over the trading session in which the release fell, measured from the previous close to that session's close. Sessions end at 17:30 New York time. Other news arrives on the same day, so the figure shows what gold did, not what the release caused.
+Does a rate cut always push gold up?
Not always. Gold often rises before a cut that markets expect, and can fall when the cut is smaller than hoped or the central bank sounds cautious. What counts is the gap between the decision and what was already priced in. The table in the Fed panel shows what gold did on each day the Fed changed rates since 1994.
Release schedule and published figures: Finance Calendar. US CPI figures and Federal Reserve target rates: Federal Reserve Bank of St. Louis (FRED). Central bank rates: Bank for International Settlements. UK CPI: Office for National Statistics. Euro area inflation: Eurostat, via FRED. Gold moves are calculated from our own daily closes. General information, not investment advice.