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Gold Feb '17 (GCG17)

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Gold Futures Market News and Commentary

Dollar Slips as Lower Crude Prices Ease Rate-Hike Concerns

The dollar index (DXY00) on Friday fell by -0.07%.  The dollar moved lower on Friday amid weakness in crude oil prices.  WTI crude oil fell more than 3% on Friday to a 4-month low, easing inflation expectations and potentially persuading the Fed to ease monetary policy, a negative factor for the dollar.  The dollar fell to its low on Friday after the University of Michigan's US Jun consumer sentiment index came in weaker than expected. 

The dollar recovered from its worst level on Friday amid hawkish comments from Minneapolis Fed President Neel Kashkari, who said he's "concerned about inflation" and favors an interest rate increase this year. 

US May wholesale inventories rose +0.3% m/m, weaker than expectations of +0.4% m/m.  May retail inventories rose +0.6% m/m, stronger than expectations of +0.5% m/m.

The University of Michigan US Jun consumer sentiment index was revised upward by 0.6 to 49.5, below expectations of 50.0.

The University of Michigan US Jun... Read more

Copper wires by Lukasz Klepaczewski via Pixabay
The Physics of Scarcity: Copper’s Path to a Structural Deficit

Copper is the essential muscle of the modern energy transition, yet its physical availability is bound by the laws of physics and mining exhaustion. Here's...

Gold bullion rounded by istara via Pixabay
Cashing Out: How Basel III and High Rates Triggered the Great Selloff in Gold Prices

Gold is plunging, but not because of investor panic. The Fed is quietly preparing to lower bank reserve requirements. Large banks are front-running this...

Money transfer Global Currency by Panuwatccn via Shutterstock
Dollar Slips as Lower Crude Prices Ease Rate-Hike Concerns

The dollar index (DXY00 ) on Friday fell by -0.07%. The dollar moved lower on Friday amid weakness in crude oil prices. WTI crude oil fell more than...

A hundred dollar bill being torn by Alona Siniehina via iStock
Dollar Weakens with Crude Oil Prices

The dollar index (DXY00 ) today is down by -0.32%. The dollar is sliding today amid weakness in crude oil prices. WTI crude oil is down more than 3%...

Liberty silver dollar by Tony Savino via iStock
Gold & Silver Jump Overnight | Looking at Deferred Silver Option Plays | Metals Minute Phil Streible

Dive into today's market action with the Blue Line Futures Metals Minute! (Episode 690)

Puzzle of money by TPopova via iStock
Dollar Slips on Benign US Inflation News

The dollar index (DXY00 ) on Thursday fell by -0.17%. The dollar was under pressure as Thursday’s stock rally reduced liquidity demand for the dollar....

RKLB Stock Alert: Rocket Lab Reaches New Milestone With 10th Consecutive Successful Launch

Rocket Lab stock rallied today on news of its 10th consecutive successful Electron rocket launch. But is there any further upside left in RKLB shares?...

This Analyst Just Upgraded FuelCell Stock. Here's Why.

FuelCell stock extends gains as Jefferies upgrades it to “Buy.” Here’s why the investment firm turned bullish on FCEL shares today.

The Physics of Scarcity: Copper’s Path to a Structural Deficit

Copper is the essential muscle of the modern energy transition, yet its physical availability is bound by the laws of physics and mining exhaustion. Here's...

The $7 Billion Reason ON Semiconductor Stock Is Down Today

ON shares crashed as management announces a $7 billion acquisition of Synaptics. Here’s why the deal isn’t sitting well with ON stock investors.

How I Solved My Fear of High Stock Prices by Creating an Option Collar Trade

When the stock market crashes and forces investors to take the elevator down, Barchart helped me find a way to take the stairs.

Why Reports of a Delayed OpenAI IPO Are Dragging Down ORCL Stock

Oracle shares sink on reports that OpenAI is considering delaying its highly anticipated IPO. Here’s why such a development would be bearish for ORCL...

Robinhood Just Scored a New 'Buy' Rating. Here's Why.

Robinhood stock rallies as BTIG issues a bullish note in its favor. Here’s why analyst Andrew Harte recommends owning HOOD shares.

Stock Indexes Finish Lower as Chipmakers Sell Off

The S&P 500 Index ($SPX ) (SPY ) on Friday closed down -0.05%, the Dow Jones Industrial Average ($DOWI ) (DIA ) closed down -0.09%, and the Nasdaq 100...

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