Gold Feb '20 (GCG20)
Gold Futures Market News and Commentary
The dollar index (DXY00) on Friday fell to a 2-week low and finished down by -0.14%. The improving prospects for a US-Iran peace deal sparked a rally in stocks, reducing liquidity demand for the dollar. Also, Friday’s -1% fall in WTI crude oil to a 5-week low lowers inflation expectations and could prompt the Fed to ease monetary policy, a bearish factor for the dollar. Losses in the dollar were limited on Friday after the May MNI Chicago PMI rose more than expected at its strongest pace in 4.25 years. Fed comments on Friday were mixed for the dollar.
The US May MNI Chicago PMI rose +13.5 to 62.7, stronger than expectations of 50.3 and the strongest pace of expansion in 4.25 years.
San Francisco Fed President Mary Daly said Fed interest rate policy is in a good place and that she’s “cautiously optimistic” about the US economy, noting that “there’s no urgency to make an adjustment” to interest rates.
Kansas City Fed President Jeff Schmid said, “With inflation ru... Read more
Barchart · Fri May 29, 2:38PM CDT
The best days of the gold trade are firmly in the rearview mirror.
Barchart · Fri May 29, 2:36PM CDT
The dollar index (DXY00 ) on Friday fell to a 2-week low and finished down by -0.14%. The improving prospects for a US-Iran peace deal sparked a rally...
Barchart · Fri May 29, 9:37AM CDT
The dollar index (DXY00 ) today is up +0.02%. The dollar found some support today after the May MNI Chicago PMI rose more than expected at its strongest...
Blue Line Futures · Fri May 29, 6:30AM CDT
Dive into today's early market action with the Blue Line Futures Metals Minute! (Episode 670)
Barchart · Thu May 28, 2:33PM CDT
The dollar index (DXY00 ) on Thursday fell from a 7-week high and finished down -0.18%. The dollar gave up early gains and turned lower today on weaker-than-expected...
Barchart · Thu May 28, 9:35AM CDT
The dollar index (DXY00 ) today fell from a 7-week high and is down -0.13%. The dollar gave up an early advance and turned lower today on weaker-than-expected...
Barchart · 51 minutes ago
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Barchart · 1 hour ago
The S&P 500 Index ($SPX ) (SPY ) on Friday closed up +0.22%, the Dow Jones Industrial Average ($DOWI ) (DIA ) closed up +0.72%, and the Nasdaq 100 Index...
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A former Nvidia exec joins Western Digital's board of directors.
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Barchart · Fri May 29, 2:38PM CDT
The best days of the gold trade are firmly in the rearview mirror.
