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PANews reported on January 31st that the precious metals market experienced extreme volatility in the last trading week of January, resembling a meme stock. GoldPANews reported on January 31st that the precious metals market experienced extreme volatility in the last trading week of January, resembling a meme stock. Gold

Macro Outlook for Next Week: Gold and Silver Bulls Devastated, CME and Non-Farm Payrolls to Add to the Loss?

Author: PANews

Source: PANews

2026/01/31 19:15

News Brief

PANews noted on January 31st that precious metals experienced wild swings during January's closing week, behaving almost like meme stocks. Gold surged through several $100.00 barriers to approach $5600.00 per ounce; meanwhile, silver touched a historic peak above $121.00 per ounce before both plummeted sharply. Analysts believe the selloff followed Trump's selection of Kevin Warsh as future Fed Chairman, which calmed concerns about Federal Reserve independence. Therefore, investors will continue processing Friday's developments, including Warsh's appointment and the metals' volatile movements. Looking ahead, key events include: Monday 23:00 US January ISM Manufacturing PMI. Tuesday 1:30 PM speech by Atlanta Fed President Bostic, a 2027 FOMC voter; at 22:40 Fed Governor Bowman speaks, followed by US December job openings at 23:00. Thursday 8:30 PM brings US January Challenger job cuts, then weekly jobless claims at 21:30. Thursday 23:50 features Bostic's monetary policy Q&A. Friday 21:30 releases US January unemployment, non-farm payrolls, and 2025 baseline revisions; at 23:00 comes preliminary February one-year inflation and University of Michigan Consumer Sentiment Index.

PANews reported on January 31st that the precious metals market experienced extreme volatility in the last trading week of January, resembling a meme stock. Gold broke through several round-number $100 levels, approaching $5600/ounce, while silver briefly reached a record high above $121/ounce, but both subsequently saw a precipitous reversal. The trigger for this plunge was Trump's nomination of Kevin Warsh as the next Federal Reserve Chairman, which alleviated market concerns about the Fed's independence. In the coming week, investors will continue to digest Friday's developments, including the impact of Warsh's nomination and the epic plunge in precious metals. Here are the key points the market will focus on in the coming week:

At 23:00 on Monday, the US January ISM Manufacturing PMI will be released.

Macro Outlook for Next Week: Gold and Silver Bulls Devastated, CME and Non-Farm Payrolls to Add to the Loss?

At 1:30 p.m. on Tuesday, Atlanta Fed President Bostic, a 2027 FOMC voting member, will deliver a speech.

At 22:40 on Tuesday, Federal Reserve Governor Bowman will deliver a speech;

At 23:00 on Tuesday, the US December JOLTs job openings will be released.

Thursday at 8:30 PM, US Challenger job cuts for January;

At 21:30 on Thursday, the number of initial jobless claims in the United States for the week ending January 31 will be released.

At 23:50 on Thursday, Atlanta Fed President Bostic, a 2027 FOMC voting member, will participate in a dialogue and Q&A session on monetary policy.

At 21:30 on Friday, the US January unemployment rate, the US January seasonally adjusted non-farm payrolls, and the final reading of the US 2025 non-farm payrolls baseline change (unadjusted) will be released.

At 23:00 on Friday, the preliminary readings of the US February one-year inflation rate and the preliminary reading of the US February University of Michigan Consumer Sentiment Index will be released.

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