Forbes: METALS OUTLOOK: Gold Traders' Full Plate Next Week Includes FOMC, U.S. GDP, Payrolls, ECB

Gold Traders and investors in other markets have a full economic calendar to monitor next week.

“There’s no shortage of potential market movers,” said Nomura, listing a meeting of the Federal Open Market Committee, July U.S. employment report and second-quarter gross domestic product. On top of that, the Institute for Supply Management releases its manufacturing report, and the European Central Bank and Bank of England hold policy meetings.

In particular, market participants will be watching U.S. data and a policy statement after the FOMC for more signs on when tapering of quantitative easing might start, and the impact of this on Treasury yields.

“They (gold traders) will be keying off interest rates and the dollar,” said George Gero, vice president and precious-metals strategist with RBC Capital Markets Global Futures.

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