Gold Feb '18 (GCG18)
Gold Futures Market News and Commentary
The dollar index (DXY00) is up +0.37%. The dollar is finding support from strong US interest rate differentials, as the 10-year T-note yield rose by +5 bp and posted a new 1.5-year high amid today's surge in oil prices of more than +5%. The dollar is also seeing support from today's US unemployment claims report, which showed a slightly stronger US labor market than market expectations.
The dollar is also seeing safe-haven demand after the Iran-backed Houthis launched a missile and drone attack on two Saudi Arabian oil tankers in the Red Sea, expanding the oil disruptions beyond the Strait of Hormuz and threatening oil shipments in the Red Sea. The Houthis have vowed to blockade shipping linked to Saudi Arabia and warned shipowners against calling at the nation's ports. The move threatens Saudi oil exports from Yanbu, a Red Sea hub that the Saudi's are using to ship crude since the war brought shipping through the Strait of Hormuz to a near halt. President Trump said Tuesd... Read more
Barchart · 3 minutes ago
While the U.S. dollar index measures the U.S. currency against other leading world reserve currencies, it can be a useless metric when all index components...
Barchart · Thu Jul 23, 9:54AM CDT
The dollar index (DXY00 ) is up +0.37%. The dollar is finding support from strong US interest rate differentials, as the 10-year T-note yield rose by...
Blue Line Futures · Thu Jul 23, 6:05AM CDT
Dive into today's market action with the Blue Line Futures Metals Minute! (Episode 707)
Barchart · Wed Jul 22, 2:35PM CDT
The dollar index (DXY00 ) fell by -0.04% on Wednesday. The dollar posted modest losses on Wednesday amid a mild recovery in the euro and the yen. The...
Barchart · Wed Jul 22, 9:33AM CDT
The dollar index (DXY00 ) is down by -0.10% today. The dollar is under modest pressure today amid a recovery in the yen, which rose from a 39-year low...
TradeGuidance · Wed Jul 22, 6:46AM CDT
We analyze the portfolio of metals futures which is prevalent in our own trading almost everyday.
Barchart · 2 minutes ago
While the U.S. dollar index measures the U.S. currency against other leading world reserve currencies, it can be a useless metric when all index components...
Barchart · 4 minutes ago
IBM says it’s acquiring HRL Laboratories to accelerate its roadmap in fault-tolerant quantum computing. But does that warrant buying IBM shares today?...
Barchart · 5 minutes ago
September WTI crude oil (CLU26 ) on Thursday closed up +5.36 (+6.17%), and September RBOB gasoline (RBU26 ) closed up +0.0793 (+2.44%). WTI crude oil prices...
Barchart · 9 minutes ago
AMD’s Microsoft deal for Helios rack-scale AI systems and next-gen Instinct and EPYC chips joins AMD's list of wins along with other AI industry favorites....
Barchart · 25 minutes ago
Apple briefly overtook Nvidia as the world's most valuable company as investors embraced its AI strategy ahead of earnings.
Barchart · 28 minutes ago
October NY world sugar #11 (SBV26 ) on Thursday closed down -0.05 (-0.34%), and October London ICE white sugar #5 (SWV26 ) closed down -4.90 (-1.05%)....
Barchart · 28 minutes ago
September ICE NY cocoa (CCU26 ) on Thursday closed down -27 (-0.51%), while September ICE London cocoa #7 (CAU26 ) closed unchanged. NY cocoa prices fell...
Barchart · 29 minutes ago
September arabica coffee (KCU26 ) on Thursday closed down -57.25 (-2.29%), and September ICE robusta coffee (RMU26 ) closed down -88 (-2.32%). Coffee prices...