On Friday, gold prices went down after the publication of a report on the sharp increase in jobs in the US, which increased the likelihood of an increase in the Fed's interest rate in June.
June gold futures were traded at $ 1,229.02 at the New York Mercantile Exchange COMEX, retreating from Friday's high of $ 1,236.00.
Over the week, prices for yellow metal fell by 3.26%, which was the largest drop for the week since early November 2016.
Trades in other precious metals: the price of silver increased by 0.47% to $ 16.38 per troy ounce at the close of the trading session on Friday. For a week, silver prices fell by 5.72%.
At the close of trading on Friday, copper traded at a position of $ 2.53 per pound, up by 1.02% over the trading session. Over the week, copper fell 2.97% amid fears of a decline in demand in China.
At the close of the trading session on Friday, palladium went up by 1.58% to $ 813.3. During the week palladium fell by 1.65%. At the close of the trading session on Friday, platinum went up by 0.74% to $ 914.4 per pound. During the week, platinum went up by 3.56%.
Monday, May 8th
Australia will publish a report on the number of permits for the construction of new homes and the index of business activity.
In the UK will be published a report on the level of inflation in house prices.
Tuesday, 9 May
In Australia, there will be information on the volume of retail sales.
Canada will publish data on the number of building permits.
Wednesday, 10 May
In China, there are data on consumer price inflation and producer prices.
In the United States will be published data on prices for US imports.
Thursday, May 11th
In Switzerland, there will be data on inflation.
In the UK there will be reports on manufacturing in the processing industry.
In Canada, a report on the level of inflation of prices for new homes will be published.
In the US, reports will be published on the number of initial applications for unemployment benefits and producer prices.
Friday, May 12
In Italy, a meeting of heads of central banks and finance ministers of the G-7 countries will begin.
In the United States will be published data on inflation, retail sales and consumer sentiment.
China's trade balance for April
China will publish data on the trade balance for April today. It is expected that the balance of China's trade balance for April will grow to $ 35.5 million after growth of $ 23.9 million in March.
According to forecasts, the volume of China's exports in April should increase by 10.4% compared to the same period last year. Last month, exports soared by 16.4%. It is also forecasted that the volume of China's imports will increase by 18.0%, continuing the March increase by 20.3%.
On Wednesday, April data on consumer price inflation and producer prices in China will also be released. It is expected that last month consumer prices rose by 1.1%, and producer prices - by 6.9%.
Also in the focus will be China's international reserves for April.
The authorities in Beijing tighten the attitude regarding the risks that threaten financial stability, and closely monitor the work of banks in recent weeks. Therefore, the reports for April are of particular interest.
Decision of the Bank of England
On Thursday, a decision on the interest rate of the Bank of England will be announced. Analysts do not expect a change in policy.
Market players expect that the Bank of England will remain cautious on monetary policy for at least several more months to assess any decline in consumer spending amid the development of negotiations on the conditions for the withdrawal of the UK from the EU.
At the same time Thursday will be published quarterly report of the Bank of England on inflation.
In the UK, traders will also focus their attention on last month's reports on manufacturing output and industrial output to get new signals about Brexit's impact on the economy.
The decision of the Reserve Bank of New Zealand
On Thursday, the decision of the Reserve Bank of New Zealand on the interest rate will be announced.
Most market analysts believe that the central bank of New Zealand will keep interest rates at a record low 1.75%, signaling a possible increase in the interest rate after the recent acceleration of inflation.