Macro Calendar
Events That Move Metals
FOMC rate decisions, CPI releases, Non-Farm Payrolls, BOJ meetings, OPEC summits, options expiries -- every event that historically moves gold and silver, with expected directional impact.
Next Critical Event
FOMC + Dot Plot + Projections
Fed decision with updated dot plot and economic projections
27
days
8
hrs
34
min
May 2026
1 eventMay
30
12:30 UTC
PCE Price Index (April)
Fed preferred inflation measure
PCE is what the Fed actually watches. Below 2.5% = rate cut path clear = bullish.
June 2026
2 eventsJun
4
OPEC+ Meeting
Oil production quota decision
Oil shock = inflation = complex for gold. Generally neutral unless extreme.
Jun
17
18:00 UTC
FOMC + Dot Plot + Projections
Fed decision with updated dot plot and economic projections
The big one. Dot plot showing 2+ cuts = strongly bullish. Press conference tone matters.
Recent Events
May
16
BOJ Rate Decision
Bank of Japan monetary policy decision
Each 25bp BOJ hike = DXY -0.8 to -1.2%. Yen carry unwind = bullish gold.
May
13
12:30 UTC
CPI (April)
Consumer Price Index -- headline and core
CPI below 3.3% = strongly bullish gold. Above 3.5% = bearish short-term.
May
2
12:30 UTC
Non-Farm Payrolls (April)
Monthly jobs report
Weak NFP = rate cut expectations rise = bullish gold.
Apr
30
12:30 UTC
US Q1 GDP (Advance)
First estimate of Q1 GDP growth
Weak GDP strengthens rate cut narrative = bullish gold.
Apr
29
18:00 UTC
FOMC Rate Decision
Federal Reserve rate decision and press conference
A hold is priced in. Dovish language = bullish gold. Any cut signal = strongly bullish.