Spot gold was moving lower in early Monday trading. With a bid at $1,832.60 and an asking price of $1,833.60 around 11 a.m., spot market gold hit a morning low of $1825.40 and a high of $1848.30. The week’s economic calendar is chock full of new data releases, as market participants look for further signs as to how severe the current U.S. economic slowdown might be and how bad credit market conditions in the European Union will become.

Spot silver was trading at $40.95 Bid, $41.05 Ask, down $0.43, or 1.04%, having been fixed at a price of $40.81 per ounce in the London a.m. The price of an ounce of gold was fixed at $1,834 at the London p.m. gold fix.

Looking ahead this week, PPI releases for August are due out Wednesday, along with August retail sales ex-auto, July business inventories and weekly crude oil inventories. Thursday will see the release of weekly initial and continuing jobless claims, August CPI, the New York regional Empire Manufacturing survey, Q2’s US current account balance, August industrial production and capacity utilization, and the Philadelphia Fed survey for September. September’s Michigan survey of consumer sentiment is due out Friday.

Looking at precious metals and miners share trading on the exchanges, gold and silver trusts were moving lower.

• The SPDR Gold Trust (NYSE:GLD) was around 1.3% lower.
• The iShares Gold Trust (NYSE:IAU) was down nearly 1.5%.
• The iShares Silver Trust (NYSE:SLV) was nearly 2% lower.

Gold and silver mining ETFs were down sharply.

• The Market Vectors Gold Miners ETF (NYSE:GDX) was down around 1.65%.
• The Market Vector Junior Gold Miners ETF (NYSE:GDXJ) was some 2.9% lower.
• The Global X Silver Miners ETF (NYSE:SIL) was 3.15% lower.

Shares of gold miners were broadly lower.

• Agnico Eagle Mines (USA) (NYSE:AEM) was down some 0.25%.
• Barrick Gold Corp. (NYSE:ABX) was around 0.8% lower.
• Goldcorp (NYSE:GG) was off around 2.6%.
• Newmont Mining Corp. (NYSE:NEM) was some 2.25% lower.
• NovaGold Resources (USA) (AMEX:NG) was off about 1.5%.

Silver mining shares were moving lower early Monday, with Silver Standard Resources plunging.

• Coeur D’Alene Mines Corp. (NYSE:CDE) was around 1.3% lower.
• Hecla Mining (NYSE:HL) was off around 1.15%.
• Pan American Silver Corp. (USA) (NASDAQ:PAAS) was down more than 2.15%.
• Silver Wheaton Corp. (USA) (NYSE:SLW) was around 1.6% lower.
• Silver Standard Resources Inc. (USA) (NASDAQ:SSRI) was around 8% lower.

The author does not hold positions in any of the above-mentioned investments.