Gold Feb '20 (GCG20)
Gold Futures Market News and Commentary
The dollar index (DXY00) on Tuesday rose by +0.07%.  The dollar moved higher amid month- and quarter-end demand, with Tuesday being the last trading day of Q2. Also, Tuesday’s decline in the yen to a 39-year low is dollar-supportive. In addition, higher T-note yields on Tuesday strengthened the dollar’s interest rate differentials.  Tuesday’s US economic news was mixed for the dollar, with the May JOLTS job openings unexpectedly rising to a 2-year high, but the June Conference Board consumer confidence index rising less than expected.
The US Apr S&P Cotality composite-20 home price index rose +1.14% y/y, stronger than expectations of +0.90% y/y.
The US Jun MNI Chicago PMI fell -6.0 to 56.7, a smaller decline than expectations of 55.1.
The US Jun Conference Board consumer confidence index rose +0.6 to 91.2, weaker than expectations of 94.4.
The US May JOLTS job openings unexpectedly increased by +9,000 to a 2-year high of 7.594 million, showing a stronger lab... Read more
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The dollar index (DXY00 ) on Tuesday rose by +0.07%. The dollar moved higher amid month- and quarter-end demand, with Tuesday being the last trading day...
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