Gold prices steady, holding sharp gains in wake of soft U.S. jobs data
As traders approach another pivotal day for financial markets, a series of crucial economic data releases that could sway market dynamics are expected on Friday, April 11, 2025. The Producer Price Index (PPI) will be the focal point, offering insights into inflationary pressures at the producer level. Additionally, the University of Michigan Consumer Sentiment Index will provide a glimpse into consumer attitudes, while Federal Reserve Bank of New York President John Williams is scheduled to speak, potentially offering clues about the central bank's monetary policy stance.
Major Economic Events to Watch
• 8:30 AM ET - Producer Price Index (PPI) (Mar): A key indicator of inflation at the producer level, forecast at 0.2% vs. previous 0.0%
Other Important Economic Events to Watch
• 8:30 AM ET - Core Producer Price Index (PPI) (Mar): Excludes food and energy, forecast at 0.3% vs. previous -0.1%
• 10:00 AM ET - Michigan Consumer Expectations (Apr): Measures consumer outlook, forecast at 50.8 vs. previous 52.6
• 10:00 AM ET - Michigan Consumer Sentiment (Apr): Gauges overall consumer confidence, forecast at 54.0 vs. previous 57.0
• 11:00 AM ET - FOMC Member Williams Speaks: Potential insights into Fed policy
• 1:00 PM ET - Baker Hughes (NASDAQ:BKR) U.S. Rig Count: Indicator of oil industry activity, previous 489
• 1:00 PM ET - U.S. Baker Hughes Total (EPA:TTEF) Rig Count: Broader measure of drilling activity, previous 590
• 3:30 PM ET - CFTC S&P 500 speculative positions: Reveals market sentiment, previous -19.0K
• 3:30 PM ET - CFTC Nasdaq 100 speculative positions: Indicates tech sector sentiment, previous 15.2K
• 3:30 PM ET - CFTC Gold speculative positions: Reflects precious metals market outlook, previous 238.4K
• 3:30 PM ET - CFTC Crude Oil speculative positions: Shows oil market positioning, previous 167.7K
Other Economic Events to Watch
• 8:30 AM ET - PPI (YoY) (Mar): Annual producer price changes, forecast at 3.3% vs. previous 3.2%
• 8:30 AM ET - Core PPI (YoY) (Mar): Annual core producer price changes, forecast at 3.6% vs. previous 3.4%
• 8:30 AM ET - PPI ex. Food/Energy/Trade (MoM) (Mar): Monthly changes excluding volatile components, previous 0.2%
• 8:30 AM ET - PPI ex. Food/Energy/Trade (YoY) (Mar): Annual changes excluding volatile components, previous 3.3%
• 10:00 AM ET - Michigan 1-Year Inflation Expectations (Apr): Short-term inflation outlook, previous 5.0%
• 10:00 AM ET - Michigan Current Conditions (Apr): Assessment of current economic situation, forecast at 61.5 vs. previous 63.8
• 10:00 AM ET - Michigan 5-Year Inflation Expectations (Apr): Long-term inflation outlook, previous 4.1%
• 3:30 PM ET - CFTC Aluminium speculative net positions: Indicates metal market sentiment, previous 1.3K
• 3:30 PM ET - CFTC Copper speculative positions: Reflects industrial metals outlook, previous 30.0K
• 3:30 PM ET - CFTC Silver speculative positions: Shows precious metals market positioning, previous 57.3K
• 3:30 PM ET - CFTC Natural Gas speculative positions: Indicates energy market sentiment, previous -122.6K
• 3:30 PM ET - CFTC Wheat speculative positions: Reflects agricultural commodities outlook, previous -102.8K
• 3:30 PM ET - CFTC Corn speculative positions: Shows grain market positioning, previous 166.9K
• 3:30 PM ET - CFTC Soybeans speculative positions: Indicates oilseed market sentiment, previous -3.5K
For further information and the latest updates, please refer to our Economic Calendar, here.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.