Gold Feb '19 (GCG19)
Gold Futures Market News and Commentary
The dollar index (DXY00) rose by +0.10% on Tuesday. The weakness in stocks on Tuesday increased demand for dollar liquidity. Also, Tuesday’s rally in WTI crude oil to a 3-week high boosted inflation expectations and could prompt the Fed to tighten monetary policy, a positive factor for the dollar. In addition, rising T-note yields are strengthening the dollar’s interest rate differentials as the 10-year T-note yield rose to a 1.5-year high of 4.75% on Tuesday. US economic news on Tuesday was mixed for the dollar.
The US July import price index ex-petroleum rose +0.3% m/m, stronger than expectations of +0.1% m/m.
US July housing starts fell -12.4% m/m to 1.239 million, weaker than expectations of 1.345 million. However, July building permits, a proxy for future construction, rose +5.0% m/m to a 5-month high of 1.443 million, stronger than expectations of 1.375 million.
US July manufacturing production rose +0.2% m/m, right on expectations.
US July pending... Read more
Barchart · 1 hour ago
The dollar index (DXY00 ) rose by +0.10% on Tuesday. The weakness in stocks on Tuesday increased demand for dollar liquidity. Also, Tuesday’s rally...
Barchart · Tue Aug 18, 9:33AM CDT
The dollar index (DXY00 ) is up by +0.04% today. The weakness in stocks today has increased demand for dollar liquidity. Also, today’s rally in WTI...
Blue Line Futures · Tue Aug 18, 6:11AM CDT
Dive into today's market action with the Blue Line Futures Metals Minute! (Episode 725)
Barchart · Tue Aug 18, 4:59AM CDT
While a few markets saw what could be called Turnaround activity overnight through early Tuesday morning, the bulk of the commodity complex continues to...
Barchart · Mon Aug 17, 2:38PM CDT
The dollar index (DXY00 ) fell to a 2.25-month low on Monday and finished down -0.04%. The dollar extended last week’s losses on Monday after a raft...
Barchart · Mon Aug 17, 9:31AM CDT
The dollar index (DXY00 ) fell to a 2.25-month low today and is down by -0.18%. The dollar extended last week’s losses today after a raft of weaker-than-expected...
Barchart · 14 minutes ago
L3Harris ousts CEO Christopher Kubasik and names Sam Mehta as new chief executive. Here’s what the leadership change really means for LHX shares.
Barchart · 14 minutes ago
The pressure is on for Warsh ahead of Jackson Hole, both from soaring long-term yields and bullish fund manager forecasts.
Barchart · 36 minutes ago
Michael Saylor warns that buying a house isn't a great investment, especially in areas with high property taxes.
Barchart · 40 minutes ago
Citi upgraded Bath & Body Works shares ahead of the retailer’s Q2 earnings on Aug. 26. Here’s why analyst Paul Lejuez recommends buying BBWI stock...
Barchart · 47 minutes ago
The S&P 500 Index ($SPX ) (SPY ) closed down by -0.69% on Tuesday, the Dow Jones Industrial Average ($DOWI ) (DIA ) closed down by -0.22%, and the Nasdaq...
Barchart · 54 minutes ago
Walmart is set to report its fiscal Q2 earnings on Aug. 20. The options market believes WMT shares will sink after the earnings event.
Barchart · 59 minutes ago
Graham Holdings (GHC) was a bearish price surprise on Monday, down 2.2%. At the same time, Biglari Holdings (BH.A) was a bullish price surprise, up 3.56%....
Barchart · 1 hour ago
Amylyx shares rally on promising avexitide, a GLP-1 receptor antagonist, data. But should you load up on AMLX stock on strength today? Let’s find out!...