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Gold Apr '26 (GCJ26)

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Gold Futures Market News and Commentary

Dollar Pressured by a Weak US Payroll Report

The dollar index (DXY00) on Friday fell by -0.35%.  The dollar was under pressure on Friday from a weaker-than-expected US Feb payroll report.  Also, a decline in US Jan retail sales added to negative sentiment toward the dollar. 

Losses in the dollar were limited on Friday as a slump in equity markets boosted some liquidity demand for the dollar.  Fed comments on Friday were also supportive of the dollar.  Fed Governor Christopher Waller said the Iran war is unlikely to cause sustained inflation, and Cleveland Fed President Beth Hammack and Boston Fed President Susan Collins expressed their support for keeping interest rates at their current mildly restrictive level "for some time." 

US Feb nonfarm payrolls unexpectedly fell by -92,000, weaker than expectations of a +55,000 increase and the biggest decline in four months.  The Feb unemployment rate unexpectedly rose +0.1 to 4.4%, showing a weaker labor market than expectations of no change at 4.3%.

US Feb average... Read more

  • Dollar Pressured by a Weak US Payroll Report

    The dollar index (DXY00 ) on Friday fell by -0.35%. The dollar was under pressure on Friday from a weaker-than-expected US Feb payroll report. Also,...

  • Can Uranium Keep Rallying?

    Uranium’s price has increased, and shares of uranium producers have soared. The primary ingredient in nuclear energy and weaponry remains in a bull market...

  • Dollar Falls on the Weaker-Than-Expected US Payroll Report

    The dollar index (DXY00 ) today is down by -0.20%. The dollar is under pressure today from a weaker-than-expected US Feb payroll report. Also, a decline...

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