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Metals News and Commentary

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Wed, May 15th, 2024
Dollar Slumps and Gold Rallies on Fed Rate Cut Hopes

The dollar index (DXY00 ) today is down by -0.26% and dropped to a 5-week low. Today’s US economic reports were dovish for the Fed and weighed on the dollar. Today’s rally in the S&P 500 to a record...

DXY00 : 104.330 (-0.65%)
^EURUSD : 1.08787 (+0.55%)
^USDJPY : 154.848 (-1.00%)
GCM24 : 2,392.8 (+1.39%)
SIN24 : 29.830 (+3.93%)
What's Driving Gold and Copper?

A huge week for Gold, Silver and Copper. Here are several factors supporting this week's rally.

Morning Express

Here comes CPI, this is what I am watching. Tune in daily to catch Bill Baruch dissecting the day's market happenings after the bell rings. Gain insightful analysis and stay ahead in the financial game...

Gold/Silver: Are You Prepared For The Next Silver Squeeze? We are! - Metals Minute w/ Phil Streible

Dive into today's Metals Minute for crucial levels and exciting trade insights on your favorite Precious Metals, overnight happenings, and must-watch highlights for every trading day!

Dollar Falls on Euro Strength and Dovish Comments from Fed Chair Powell

The dollar index (DXY00 ) on Tuesday fell by -0.20% and posted a 1-week low. The dollar retreated Tuesday due to strength in the euro. The dollar extended its losses Tuesday morning after Fed Chair Powell...

DXY00 : 104.330 (-0.65%)
^EURUSD : 1.08787 (+0.55%)
^USDJPY : 154.848 (-1.00%)
GCM24 : 2,392.8 (+1.39%)
SIN24 : 29.830 (+3.93%)
2 Copper Mining Stocks to Buy While They're Cheap

Discover two mining stocks that are poised to benefit from rising demand for copper, making them attractive investment opportunities in the current market.

HGN24 : 4.9345 (+0.81%)
GS : 463.43 (+1.08%)
BHP : 59.15 (+0.61%)
RIO : 70.12 (+0.62%)
NGLOY : 16.6300 (+0.60%)
ALN24 : 2,580.25 (+1.55%)
GCM24 : 2,392.8 (+1.39%)
Dollar Slips and Gold Gains on Dovish Comments from Fed Chair Powell

The dollar index (DXY00 ) this morning is down -0.14% at a 1-week low. The dollar today is mildly lower, weighed down by the strength of the euro. The dollar extended its losses after Fed Chair Powell...

DXY00 : 104.330 (-0.65%)
^EURUSD : 1.08787 (+0.55%)
^USDJPY : 154.848 (-1.00%)
GCM24 : 2,392.8 (+1.39%)
SIN24 : 29.830 (+3.93%)
Morning Express

Subscribe to our daily Morning Express for daily insights into Precious Metals like Gold and Silver, Crude Oil and more! Technicals, including our proprietary trading levels, and actionable market bias....

Barrick Gold vs. Newmont Mining: Which Gold Stock Is a Better Buy?

With gold prices projected to rally even higher by year’s end, which gold mining stock is a better buy?

GCM24 : 2,392.8 (+1.39%)
GCY00 : 2,387.69 (+1.26%)
C : 63.79 (+0.31%)
GS : 463.43 (+1.08%)
NEM : 43.09 (+1.22%)
GOLD : 17.50 (+2.04%)
HGN24 : 4.9345 (+0.81%)
SIN24 : 29.830 (+3.93%)
Copper (HG_F) Elliott Wave : Forecasting the Rally from the Equal Legs Zone

In this technical article we’re going to take a quick look at the Elliott Wave charts of Copper Futures HG_F, published in members area of the website. As our members know, Copper is showing impulsive...

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Greed returns to the Stock Market for the first time since April 11! Yesssss, we did it 🥳🤑🫰 https://t.co/q5NbyGH61y
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S&P 500 $SPX hits all-time high 🚨 https://t.co/h3obRYHDtM
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BREAKING 🚨: GameStop $GME now down more than 30% on the day https://t.co/A3XneF0dLB https://t.co/fmLBGXUe4Y
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Ooops 🤦‍♂️😂 https://t.co/iWVJwHxiS3
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U.S. Dollar Index $DXY falling to its lowest level in more than a month https://t.co/iHtBAf93M7
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AMC Entertainment $AMC options volume is still well short of what it was during the 2021 Meme Mania https://t.co/vjQ2MxZqAj
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JUST IN 🚨: Orange Juice hits all-time high https://t.co/6s5pd5sgtT https://t.co/qb9RGjCcb8

Barchart Metals News

Dollar Slumps and Gold Rallies on Fed Rate Cut Hopes
The dollar index (DXY00 ) today is down by -0.26% and dropped to a 5-week low. Today’s US economic reports were dovish for the Fed and weighed on the dollar. Today’s rally in the S&P 500 to a record high also curbed liquidity demand for the dollar. US Apr CPI... Read more

Chart of the Day

Universal Stainles (USAP)

The Chart of the Day belongs to basic metals company Universal Steel & Alloy (USAP) . I found the stock by using Barchart's powerful screening functions to find stocks with the highest technical buy signals, highest Weighted Alpha, superior current momentum and having a Trend Seeker buy signal then used...
Read More

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