Metals Futures Prices
- Are Gold Prices Cheap ?
- Gold Above $1,400 is Only the Tip of the Signal Iceberg
Gold broke above the $1,400 level last week and the volume that corresponded the move was exceptional. The story doesnt end there. The volume for silver...
- Midday Market Minute
Equity markets are consolidating, and you MUST watch this index most closely. Heres why
- COFFEE, CORN ,HOGS, SILVER, GOLD, EMINI S&P
A review of trend changes and potential trading opportunties in Coffee, Corn, Hogs, Silver, Gold and E-MINI S7P
- Tensions With Iran Drive Gold Prices Higher
In today's featured article, your Gold Enthusiast highlight's a certain country's issues that are driving the price of gold. Read for more details.
- Morning Express - Blue Line Futures
ES, NQ, Crude, Gold. Actionable research out early each morning to brokerage clients with full technicals.
Futures Market News and Commentary
Aug Comex gold (GCQ19) on Monday closed up +18.1 (+1.29%) and July silver closed up +0.087 (+0.57%). Metals prices rallied for a third day Monday with Aug gold at a new contract high and June gold at a 5-3/4 year nearest-futures high. Continued weakness in the dollar has sparked fund buying of precious metals as the dollar index fell to a new 3-month low on Monday. Also, simmering tension between Iran and the U.S. is boosting safe-haven demand for precious metals. Iran's navy on Monday warned that the downing of a U.S. drone could be repeated if intrusions into its airspace continue and President Trump imposed new sanctions against Iran. Concern that weakness in the global economy may prompt the world's central banks to boost stimulus is also bullish for gold after Monday's data showed the German Jun IFO business climate fell -0.5 to a 4-1/2 year low of 97.4 The market is discounting the odds at 100% for a 25 bp rate cut at the next FOMC meeting on July 30-31. Ongoing trade and geopolitical tensions, along with dovish global central bank policies, have sparked fund buying of precious metals as long gold positions in ETFs rose to a 6-year high on Friday and long silver positions in ETFs rose to a 6-month high on Friday.