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Gold Feb '19 (GCG19)

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Gold Futures Market News and Commentary

Dollar Erases Early Gains as US Consumer Sentiment Sinks

The dollar index (DXY00) on Friday gave up an early advance and finished little changed.  The dollar was pressured on Friday after the University of Michigan’s May US consumer sentiment index was revised downward to a record low.  Also, Friday’s rally in stocks curbed liquidity demand for the dollar. The dollar found early support on Friday from hawkish comments from Fed Governor Christopher Waller, who said he supports a Fed rate increase if inflation doesn’t soon slow.

The University of Michigan’s May US consumer sentiment index was revised lower to a record low of 44.8 (data from 1978), weaker than expectations of no change at 48.2.

The University of Michigan’s US May 1-year inflation expectations rate was revised upward to a 9-month high of +4.8% from +4.5%, stronger than the +4.6% expected.  Also, May 5-10 year inflation expectations rate was revised upward to a 7-month high of +3.9%, stronger than expectations of no change at +3.4%.

Fed Governor Christopher W... Read more

Silver dollar floating by Matthew Heinrichs via Pixabay
Gold & Silver Hold Gains Ahead of Consumer Confidence | Dollar Slips | Metals Minute Phil Streible

Dive into today's early market action with the Blue Line Futures Metals Minute! (Episode 667)

Newspaper open to market pages by Mike Flippo via Shutterstock
Was the Holiday Weekend Market Moving Headline Chaos Predictable?

Predicting social media posts that create market moving headlines is becoming too easy.

Dollar bills in an organized pile by TheDigitalArtist via Pixabay
Dollar Erases Early Gains as US Consumer Sentiment Sinks

The dollar index (DXY00 ) on Friday gave up an early advance and finished little changed. The dollar was pressured on Friday after the University of Michigan’s...

US dollar background by Iluhanos via iStock
Dollar Gains and Gold Falls on Hawkish Waller

The dollar index (DXY00 ) today is up +0.15%, just below Thursday's 6-week high. The dollar is supported by hawkish comments from Fed Governor Christopher...

Silver dollar floating by Matthew Heinrichs via Pixabay
Gold & Silver Slide while Copper RIPS Higher! Silver Option Strategy | Will Support Hold? Metals Minute Phil Streible

Dive into today's early market action with the Blue Line Futures Metals Minute! (Episode 665)

Pulling money out of wallet by Izf via iStock
Dollar Supported by Middle East Uncertainty

The dollar index (DXY00 ) rallied to a 6-week high on Thursday and finished up by +0.13%. Doubts over a US-Iran peace deal that would reopen the Strait...

Bear Call Spread Opportunities for May 26th

With the market coming into a seasonally weak time of year, Bear Call Spreads could be an interesting trade to consider.

Do Wall Street Analysts Like Hubbell Incorporated Stock?

Hubbell Incorporated has underperformed the broader market over the past year, and analysts remain moderately optimistic about the stock’s prospects....

Stocks Set to Open Higher as U.S.-Iran Peace Hopes Hold, PCE Inflation Data and Fed Speak Awaited

June S&P 500 E-Mini futures (ESM26) are up +0.67%, and June Nasdaq 100 E-Mini futures (NQM26) are up +1.03% this morning as investors remained hopeful...

Was the Holiday Weekend Market Moving Headline Chaos Predictable?

Predicting social media posts that create market moving headlines is becoming too easy.

Keysight Technologies Stock Outlook: Is Wall Street Bullish or Bearish?

Keysight Technologies has notably outperformed the broader market over the past 52 weeks, and Wall Street analysts maintain a highly optimistic outlook...

Are Wall Street Analysts Predicting EMCOR Group Stock Will Climb or Sink?

As EMCOR Group has notably outperformed the broader market over the past 52 weeks, Wall Street analysts maintain a moderately optimistic outlook about...

Vistra Stock: Analyst Estimates & Ratings

While Vistra stock has underperformed the broader market over the past year, analysts remain highly bullish about its prospects.

Do Wall Street Analysts Like Vulcan Materials Company Stock?

Vulcan Materials stock has underperformed the broader market over the past year, while analysts are cautiously bullish about its prospects.

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