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Gold Feb '12 (GCG12)

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Gold Futures Market News and Commentary

Dollar Weakens as Crude Oil Prices Sink

The dollar index (DXY00) is moving lower today and is down by -0.28%.  Today's -3% plunge in WTI crude oil prices has lowered inflation expectations and could prompt the Fed to pursue easier monetary policy, a bearish factor for the dollar.  Also, lower T-note yields today weaken the dollar's interest rate differential and are negative for the dollar. 

The dollar recovered from its worst level today on better-than-expected US economic news.  The Apr trade deficit eased to -$55.9 billion from -$56.6 billion in Mar, narrower than the -$56.1 billion expected.  Also, May existing home sales rose +3.2% m/m to a 5-month high of 4.17 million, stronger than expectations of 4.07 million.

President Trump today predicted a swift end to the war with Iran and a subsequent fall in oil prices, and said, "We're in the final throes of what will be a very, very good deal, and that they could have at least an idea one or two days from now" about the deal.   

The swaps markets are dis... Read more

Puzzle of money by TPopova via iStock
Dollar Weakens as Crude Oil Prices Sink

The dollar index (DXY00 ) is moving lower today and is down by -0.28%. Today's -3% plunge in WTI crude oil prices has lowered inflation expectations and...

Silver bullion by SonerCdem via iStock
Copper Jumps 1% Overnight | Can Gold & Silver Find a Floor? Key Levels | Metals Minute Phil Streible

Dive into today's market action with the Blue Line Futures Metals Minute! (Episode 678)

A one dollar bill floating in water by Wirestock via iStock
Dollar Slips as Middle East Tensions Ease Slightly

The dollar index (DXY00 ) fell from a 2-month high on Monday, finishing down 0.06%. The dollar gave up overnight gains and finished slightly lower on...

A hundred dollar bill being torn by Alona Siniehina via iStock
Dollar Falls Back as Stocks Recover

The dollar index (DXY00 ) fell from a 2-month high today and is down by -0.14%. The dollar gave up overnight gains and turned lower today after stocks...

Image by allstars via Shutterstock
Floor or Trapdoor? Gold at the Line That Matters

Gold futures have been in a controlled descent since topping out near the $5,650 region, with sellers methodically stepping down offers within the broader...

Copper pipes by Dijana via Pixabay
Copper Rises as Precious Metals Pare Losses & Dip Buyers Emerge | Can the Lows Hold? Metals Minute Phil Streible

Dive into today's market action with the Blue Line Futures Metals Minute! (Episode 677)

Jensen Huang Was in South Korea to Dominate the AI Ecosystem. Here Is Why You Should Buy Nvidia Stock Now.

Nvidia's CEO meeting with executives in South Korea suggests he is one step ahead of the competition when it comes to securing the right supply chains....

Former Google CEO Eric Schmidt Booed by University of Arizona Graduates After Telling Them ‘AI Will Touch Every Profession, Every Person’

Students at the University of Arizona booed former Google CEO Eric Schmidt after he mentioned AI as graduates continue seeing job losses due to the technology....

Dollar Weakens as Crude Oil Prices Sink

The dollar index (DXY00 ) is moving lower today and is down by -0.28%. Today's -3% plunge in WTI crude oil prices has lowered inflation expectations and...

MongoDB vs. Datadog: Only 1 Growth Stock Could Make Investors Richer

One of these software stocks has the stronger path to creating long-term wealth.

Is MSCI Stock Underperforming the S&P 500?

While MSCI has lagged behind the S&P 500 Index over the past year, analysts are bullish about the stock’s prospects.

McDonald’s Stock Could Be Bottoming, Creating a Contrarian Bet for Long-Term Investors

McDonald’s (MCD) shares have established a firming technical floor around the $275-$280 range following a period of consolidation. The stock currently...

Intel Becomes Plan B for the Semiconductor Industry. Here's How That's a Winning Strategy

Intel is rising sharply after reports the chipmaker may have secured new orders that add to its growing hyperscaler partner list. If true, Intel could...

Stocks Climb on an AI-Led Rebound

The S&P 500 Index ($SPX ) (SPY ) today is up +0.93%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is up +0.89%, and the Nasdaq 100 Index ($IUXX ) (QQQ...

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