Hot inflation can lift nominal rates, but it can also increase demand for hard assets.
Economic Calendar
Macro event radar.
Know which reports can move metals before the market reacts.
Reports that matter for metals
Fed decisions and guidance affect real yields, the dollar, and gold sentiment.
Weak growth can support safe-haven demand while hurting industrial metals.
How to prepare for events
BeforeMark consensus
Know what economists expect before judging whether the release is hot or cold.
ReleaseWatch real yields
The first metals move often follows Treasury yields and the dollar.
AfterWait for the close
Intraday reversals are common after high-impact reports.
ReviewUpdate bias
Decide whether the report changes the broader rate, inflation, or growth path.
Priority watchlist
Events
Focus on releases that change rate expectations.
CPI, PCE, payrolls, Fed statements, unemployment, retail sales, ISM, and GDP can all move precious metals when they surprise the market.
- Hot inflation plus rising real yields can pressure gold.
- Soft growth plus lower yields can support gold.
- Silver may react more to growth expectations than gold.
FAQ
Economic calendar and metals questions
Which economic events move precious metals the most?
Inflation reports (CPI and PCE), Federal Reserve rate decisions, and the monthly U.S. jobs report tend to move gold and silver the most, because they shift expectations for interest rates and the dollar.
How does CPI affect gold and silver?
A hotter-than-expected inflation reading can push rate expectations up and pressure metals short-term, but persistent inflation can also support gold as a store of value. The market's reaction depends on what was already priced in.
What happens to gold when the Fed raises rates?
Rate hikes raise the appeal of interest-bearing assets and can pressure gold, especially if real yields rise. However, gold sometimes rallies if hikes signal stress or if markets expect cuts ahead.
When is the U.S. jobs report released?
The Bureau of Labor Statistics releases the monthly nonfarm payrolls report at 8:30 a.m. ET, usually on the first Friday of each month. It is a major volatility event for metals.
Put this into a number
Use the live calculators to turn market context into an estimated value.