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Gold Feb '18 (GCG18)

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Gold Futures Market News and Commentary

Dollar Pressured by Rising Stocks

The dollar index (DXY00) on Tuesday fell by -0.14%.  The dollar gave up overnight gains and turned lower on Tuesday as T-note yields fell after the weekly ADP employment change showed the fewest new jobs added in five weeks, a dovish factor for Fed policy.  The dollar extended its losses on Tuesday after stocks rallied, which curbed liquidity demand for the dollar.

Losses in the dollar were limited after Feb pending home sales unexpectedly increased, and as the war against Iran enters its eighteenth day on Tuesday with no end in sight, boosting safe-haven demand for the dollar.

The ADP weekly employment change for the four weeks ending February 28 increased by +9,000, the smallest increase in five weeks and a sign of a slowdown in hiring by US employers.

US Feb pending home sales unexpectedly rose +1.8% m/m, stronger than expectations of a -0.6% m/m decline.

The 2-day FOMC meeting began on Tuesday, and market expectations are for the Fed to keep the federal f... Read more

  • Dollar Pressured by Rising Stocks

    The dollar index (DXY00 ) on Tuesday fell by -0.14%. The dollar gave up overnight gains and turned lower on Tuesday as T-note yields fell after the weekly...

  • Dollar Slips as T-note Yields Decline

    The dollar index (DXY00 ) today is down by -0.12%. The dollar gave up an overnight advance and turned lower today as T-note yields fell after the weekly...

  • Gold $5,000 & Silver $80: Breakout or Breakdown? Fed Decides Tomorrow

    Gold holds near $5,000 and silver near $80 ahead of tomorrow’s Fed decision, with Phil Streible breaking down the metals setup and key levels in focus...

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