Economic event calculator
## XAU/USD Economic Events Outlook
The upcoming week for XAU/USD (gold vs US dollar) presents several key economic events that could significantly influence the demand and supply dynamics of both currencies. Below are the major events to watch out for:
### Monday, August 28
**Personal Income and Outlays** Report (July)
- Measures changes in consumer income and spending
- Indicator of inflation and economic activity
- Higher reading may strengthen the USD, weigh on gold
- Lower reading may weaken USD, support gold
- Consensus forecast: +0.4% increase in personal income, +0.5% increase in personal spending¹
### Tuesday, August 29
**Conference Board Consumer Confidence** Index (August)
- Measures consumer confidence in the economy
- High confidence encourages spending, stimulates economy
- Low confidence indicates caution, more saving
- Higher reading may strengthen USD, pressure gold
- Lower reading may weaken USD, support gold
- Consensus forecast: Decline from 129.1 to 128.9¹
### Wednesday, August 30
**ADP Employment Change** Report (August)
- Measures private sector employment change
- Precursor to official nonfarm payrolls report
- Higher reading suggests strong labor market, lifts USD
- Lower reading indicates weak labor market, boosts gold
- Consensus forecast: +625,000 jobs (slightly lower than previous)¹
### Thursday, August 31
**GDP (Gross Domestic Product)** Report (Q2 2021)
- Measures change in value of all goods and services produced
- Second estimate of Q2 GDP growth
- Higher reading reflects robust recovery, strengthens USD
- Lower reading suggests slower recovery, weakens USD
- Consensus forecast: Revised from initial estimate of 6.5%¹
### Friday, September 1
**Nonfarm Payrolls** Report (August)
- Measures change in nonfarm sector employment
- Influential indicator of labor market health
- Higher reading implies strong demand for workers, boosts USD
- Lower reading indicates weak demand, supports gold
- Consensus forecast: +750,000 jobs (slightly higher than previous)¹
These events could shape the XAU/USD movement next week. Additionally, unforeseen events might also impact the pair's dynamics.
The upcoming week for XAU/USD (gold vs US dollar) presents several key economic events that could significantly influence the demand and supply dynamics of both currencies. Below are the major events to watch out for:
### Monday, August 28
**Personal Income and Outlays** Report (July)
- Measures changes in consumer income and spending
- Indicator of inflation and economic activity
- Higher reading may strengthen the USD, weigh on gold
- Lower reading may weaken USD, support gold
- Consensus forecast: +0.4% increase in personal income, +0.5% increase in personal spending¹
### Tuesday, August 29
**Conference Board Consumer Confidence** Index (August)
- Measures consumer confidence in the economy
- High confidence encourages spending, stimulates economy
- Low confidence indicates caution, more saving
- Higher reading may strengthen USD, pressure gold
- Lower reading may weaken USD, support gold
- Consensus forecast: Decline from 129.1 to 128.9¹
### Wednesday, August 30
**ADP Employment Change** Report (August)
- Measures private sector employment change
- Precursor to official nonfarm payrolls report
- Higher reading suggests strong labor market, lifts USD
- Lower reading indicates weak labor market, boosts gold
- Consensus forecast: +625,000 jobs (slightly lower than previous)¹
### Thursday, August 31
**GDP (Gross Domestic Product)** Report (Q2 2021)
- Measures change in value of all goods and services produced
- Second estimate of Q2 GDP growth
- Higher reading reflects robust recovery, strengthens USD
- Lower reading suggests slower recovery, weakens USD
- Consensus forecast: Revised from initial estimate of 6.5%¹
### Friday, September 1
**Nonfarm Payrolls** Report (August)
- Measures change in nonfarm sector employment
- Influential indicator of labor market health
- Higher reading implies strong demand for workers, boosts USD
- Lower reading indicates weak demand, supports gold
- Consensus forecast: +750,000 jobs (slightly higher than previous)¹
These events could shape the XAU/USD movement next week. Additionally, unforeseen events might also impact the pair's dynamics.
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