Gold Aug '20 (GCQ20)
Gold Futures Market News and Commentary
Jun Comex gold (GCM20) on Friday closed up +23.6 (+1.38%), and July silver (SIN20) closed up +0.532 (+2.96%).
Precious metals prices on Friday moved higher with silver at a 3-month high. A slump in the dollar index to a 2-1/2 month low Friday was bullish for metals, as was increased safe-haven demand from the escalation of U.S./China tensions. Weak U.S. economic data on Friday was positive for gold but negative for industrial metals.
Metals rallied Friday on escalation of U.S./China tensions after White House advisor Larry Kudlow said Friday that the U.S. is "furious" with what China has done "in recent days, weeks, and months" and said President Trump would present ideas at a press conference later Friday of how to hold China accountable.
Friday's U.S. economic data was dovish for Fed policy and bullish for gold, but negative for industrial metals demand and silver prices. U.S. Apr personal spending fell by a record -13.6% m/m (data from 1959), weaker than expe... Read more
- Copper (HG) Analysis with the Market Profile
The following article continues the previous analysis of the copper (HG) futures market based on the weekly market profile in combination with the volume...
- The Trend Trader For Futures Trading on Monday, June 1, 2020
The Trend Trader helps to identify the current trend status of your favorite futures markets. It not only helps us to stay on the right side of market...
- Silver and Gold / Follow the Leader !
Whos on First ? Just follow the leader!
- Algo Trading System Gold Report For 06/01/2020
Based on 8 algo trading strategies developed with the Strategy Factory approach and 4 indicator based algo strategies, the current position bias for Gold...
- Will the Fed Trigger Inflation This Time, Boosting Gold?
During Great Recession , many people feared that the Fed's quantitative easing would trigger high inflation , or even hyperinflation ....
- Daily Gold News: Friday, May 29 - Gold at Yesterday's High
The gold futures contract gained 0.09% on Thursday, as it extended its consolidation following bouncing off $1,700 support level on Wednesday....