Gold Feb '18 (GCG18)
Gold Futures Market News and Commentary
The dollar index (DXY00) on Tuesday rose by +0.29% and posted a 1-week high.  The dollar moved higher on Tuesday on the stronger-than-expected US Mar retail sales and Mar pending home sales reports. The dollar gained further on Tuesday after stock prices slumped when Vice President Vance's trip to Pakistan to meet Iranian negotiators was put on hold after Iran failed to respond to US negotiating positions.
The dollar also has support on signs that Fed Chair nominee Kevin Warsh will support an independent Fed and prioritize low inflation. Fed Chair nominee Warsh's prepared statement before the Senate Banking Committee said he is committed to ensuring that the conduct of monetary policy remains "strictly independent" and to keeping inflation in check, stating that price stability is a mandate for the Fed "without excuse or equivocation." Â
US Mar retail sales rose +1.7% m/m, stronger than expectations of +1.4% m/m and the biggest increase in a year. Also, Mar retail sa... Read more
Barchart · Tue Apr 21, 2:39PM CDT
The dollar index (DXY00 ) on Tuesday rose by +0.29% and posted a 1-week high. The dollar moved higher on Tuesday on the stronger-than-expected US Mar...
Barchart · Tue Apr 21, 9:35AM CDT
The dollar index (DXY00 ) today is up by +0.09%. The dollar is climbing today on a stronger-than-expected US Mar retail sales and Mar pending home sales...
Wavetraders · Tue Apr 21, 1:39AM CDT
Fourth waves are typically corrective and often retrace back into previous support zones, which is why they can offer good trading opportunities within...
Barchart · Mon Apr 20, 2:38PM CDT
The dollar index (DXY00 ) on Monday fell by -0.05%. The dollar gave up an early advance on Monday and turned lower after the New York Post reported that...
Gold Price Forecast · Mon Apr 20, 10:13AM CDT
This is yet another time when gold failed to hold above its 50% retracement, and it has consequences.
Barchart · Mon Apr 20, 9:35AM CDT
The dollar index (DXY00 ) today is up by +0.08%. The dollar is climbing today on ramped-up tensions in the Middle East after Iran on Saturday said the...
Barchart · 22 minutes ago
Warren Buffett is known for favoring durable businesses with strong cash flows, the kind that can sustain and grow dividends over time.
Barchart · 1 hour ago
Live cattle futures posted $1.52 to $2.52 losses on Tuesday. Early cash trade this week has been quiet with a few light sales of $246 floating around in...
Barchart · 1 hour ago
Lean hog futures saw a Tuesday recovery after gapping higher, with contracts up 12 cents to $1.47 at the close. USDA’s national base hog price was reported...
Barchart · 1 hour ago
Cotton futures posted 66 to 114 point gains across the board on Tuesday. The US dollar index was 0.278 higher at $98.185. Crude oil was up another $2.19...
Barchart · 1 hour ago
The wheat complex was back in rally mode with gains across the three markets on Tuesday. Chicago SRW futures were 5 to 8 cents higher on the session. KC...
Barchart · 1 hour ago
Corn futures closed the Tuesday trade with contracts 1 ½ to 3 cents higher on the session. The CmdtyView national average Cash Corn price was up 2 1/4...
Barchart · 1 hour ago
Soybeans were in rally mode on Tuesday, with bean oil continuing to pull the market higher, up 6 ¾ to 9 1/4 cents on the beans. The cmdtyView national...
Barchart · Tue Apr 21, 4:16PM CDT
American International Group is scheduled to release its fiscal first-quarter earnings this month, and analysts project a double-digit earnings rise.
