Gold Aug '21 (GCQ21)
Gold Futures Market News and Commentary
The dollar index (DXY00) on Friday rose +0.087 (+0.09%). EUR/USD (^EURUSD) rose +0.0004 (+0.03%). USD/JPY (^USDJPY) rose +0.39 (+0.35%).
The dollar index (DXY00) on Friday moved slightly higher. Strength in T-note yields on Friday was supportive for the dollar, along with signs of expanding U.S. manufacturing activity. Gains in the dollar were limited after a rally in the S&P 500 to a new record high on Friday curbed the liquidity demand for the dollar.
EUR/USD (^EURUSD) on Friday posted modest gains on signs of economic strength in the Eurozone. The Eurozone Jul Markit composite PMI rose +1.1 to 60.6, stronger than expectations of +0.5 to 60.0 and the strongest pace of expansion in 21 years. Also, the ECB's Survey of Professional Forecasters raised their Eurozone 2021 GDP forecast to 4.7% from a prior view of 4.2%. USD/JPY (^USDJPY) rallied to a 1-week high as the yen weakened after a rally in stocks reduced the safe-haven demand for the yen. Trading activity in... Read more
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- Dollar Moves Slightly Higher and Gold Slips on Strength in T-note Yields
The dollar index (DXY00 ) on Friday rose +0.087 (+0.09%). EUR/USD (^EURUSD ) rose +0.0004 (+0.03%). USD/JPY (^USDJPY ) rose +0.39 (+0.35%). The dollar...
- Strength in Technology Stocks Pushes the Nasdaq 100 Up to a Record High
The S&P 500 Index ($SPX ) this morning is up +0.47%, the Dow Jones Industrials Index ($DOWI ) is up +0.50%, and the Nasdaq 100 Index ($IUXX ) is up +0.35%....
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The current high inflation could theoretically transform into hyperinflation, disinflation, stagflation, or deflation. What does each mean for gold?
- Actionable ideas Crude, Gold, Silver . . . .
Actionable ideas Crude, Gold, Silver . . . .
- Dollar Posts Modest Gains as Comments from ECB President Lagarde Weigh on EUR/USD
The dollar index (DXY00 ) on Thursday rose +0.063 (+0.07%). EUR/USD (^EURUSD ) fell -0.0019 (-0.16%). USD/JPY (^USDJPY ) fell -0.19 (-0.17%). The dollar...