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Gold Feb '26 (GCG26)

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Gold Futures Market News and Commentary

Dollar Rallies on Solid US Economic News

The dollar index (DXY00) today climbed to a 6-week high and is up by +0.36%.  The dollar is moving higher today on better-than-expected US economic news. Weekly jobless claims unexpectedly fell to a 6-week low, and the Jan Empire and Jan Philadelphia Fed business outlook surveys rose more than expected.  The dollar added to its gains today on hawkish comments from Atlanta Fed President Raphael Bostic, who said the Fed needs to keep monetary policy restrictive.

The dollar also garnered support on comments from President Trump, who told Reuters that he "has no plans" to fire Fed Chair Powell despite a Justice Department probe into the central bank's renovation.   

US weekly initial unemployment claims unexpectedly fell -9,000 to a 6-week low of 198,000, showing a stronger labor market than expectations of an increase to 215,000.

The US Jan Empire manufacturing survey of general business conditions rose +11.4 to 7.7, stronger than expectations of 1.0.

The US Jan... Read more

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    Thursday morning again saw global markets having to adjust to realigned alliances and general destabilization.

  • I Would Not Want To Live In A World Of Gold

    When I first began buying gold when it was around $300 in price, I remember people saying how they would not want to live in a world of $1,000 gold. This...

  • Dollar Rebounds on an Upbeat Fed Beige Book

    The dollar index (DXY00 ) on Wednesday fell by -0.03%. The dollar finished slightly lower on Wednesday and was under pressure most of the day after the...

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