Metals Futures Prices
- Will Biden Inaugurate Gold’s Rally?
Well, before we move on to Biden, let’s say goodbye to Trump. You can love him or hate him, but there is no denying that the 45th presidency was excellent...
- Midday Market Minute - Blue Line Futures
ES, NQ, Dollar, Treasuries, Crude Oil, Gold, and Silver
- GOLD Thursday Forecast
The uptrend may be expected to continue, while market is trading above support level 1863.7, which will be followed by reaching resistance level 1906
- Here’s Why Gold Recently Moved Up
Gold moved higher as the USD Index moved lower in today’s pre-market trading. Before providing you with my thoughts on why that happened and what the...
- Platinum April 2021
Platinum has been climbing since November.
- Fakeout Shakeout - Blue Line Morning Express
ES, NQ, Crude Oil, Gold, and Silver
Futures Market News and Commentary
Feb gold (GCG21) on Thursday closed down -0.60 (-0.03%), and March silver (SIH21) closed up +0.088 (+0.34%).
Gold and silver prices on Thursday settled mixed. Gold fell back on hawkish ECB meeting results along with a rally in U.S. stock indexes to new record highs that reduced the safe-haven demand for gold. Silver prices rose on a slide in the dollar index to a 1-week low along with better-than-expected U.S. economic data that bolstered the prospects for improved industrial metals demand.
Thursday's U.S. economic data was bearish for gold but positive for industrial metals demand and silver prices. U.S. weekly initial unemployment claims fell -26,000 to 900,000, showing a stronger labor market than expectations for a decline to 935,000. Also, Dec housing starts rose +5.8% to a 14-1/4 year high of 1.669 million, stronger than expectations of 1.560 million. In addition, Dec building permits unexpectedly rose +4.5% to a 14-1/4 year high of 1.709 million... Read more