Gold Feb '20 (GCG20)
Gold Futures Market News and Commentary
The dollar index (DXY00) on Thursday rose by +0.17%. The dollar recovered from a 6-week low on Thursday and moved higher as better-than-expected US economic news pushed T-note yields higher, strengthening the dollar’s interest rate differentials. Weekly jobless claims fell more than expected, and the Apr Philadelphia Fed business outlook survey unexpectedly rose to a 15-month high. Also, hawkish comments on Thursday from New York Fed President John Williams, who signaled he favors steady Fed policy, are supportive of the dollar.
The dollar initially moved lower on Thursday as the US and Iran are considering extending their ceasefire, which ends on Tuesday, by another two weeks to allow more time to negotiate a peace agreement, easing geopolitical concerns and reducing safe-haven demand for the dollar. Also, Thursday’s rally in the S&P 500 to a new record high reduced liquidity demand for the dollar.
US weekly initial unemployment claims fell -11,000 to 207,000, showi... Read more
Blue Line Futures · 1 hour ago
Gold posts a fourth straight weekly gain as funds exit while silver approaches a key breakout level, with Phil Streible breaking down the metals setup...
EdgeClear · Fri Apr 17, 7:06AM CDT
Silver futures have entered a period of measured consolidation after one of the most volatile price swings in the metal's modern trading history. Following...
Barchart · Fri Apr 17, 6:22AM CDT
As I've said before, the job of analyzing markets has grown much easier given the repetitive cycle of market drivers.
Barchart · Thu Apr 16, 3:27PM CDT
Aluminum prices hit four-year highs on the threat of a blockade as U.S.-Iran talks collapsed. Should you buy Alcoa at this juncture?
Blue Line Futures · Thu Apr 16, 2:41PM CDT
On CNBC’s Power Lunch, Phil Streible breaks down why copper is emerging as a key strategic asset in 2026 and what’s driving the shift in the commodities...
Barchart · Thu Apr 16, 2:37PM CDT
The dollar index (DXY00 ) on Thursday rose by +0.17%. The dollar recovered from a 6-week low on Thursday and moved higher as better-than-expected US economic...
Barchart · 1 minute ago
Shares popped 30% as Nvidia released its first set of open-source AI models for quantum computing.
Barchart · 2 minutes ago
The S&P 500 Index ($SPX ) (SPY ) today is up +0.87%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is up +1.33%, and the Nasdaq 100 Index ($IUXX ) (QQQ...
Barchart · 3 minutes ago
Lattice Semiconductor (LSCC) exhibits strong momentum and is trading at new all-time highs. The stock is up 169% over the past year. LSCC maintains a 100%...
Barchart · 22 minutes ago
Lucid stock sinks as the EV maker names Silvio Napoli its new permanent CEO. But does that warrant buying LCID shares today? Let’s find out.
Barchart · 32 minutes ago
Occidental Petroleum is expected to announce its fiscal first-quarter earnings next month, and analysts project a double-digit profit drop.
Barchart · 32 minutes ago
Marvell Technology hits all time high following record results and Nvidia partnership.
Barchart · 57 minutes ago
Rising geopolitical tensions are pushing investors toward high-yield dividend stocks for stability.
Barchart · 1 hour ago
Bunge Global is expected to announce its first-quarter results this month, and analysts are projecting a double-digit fall in its EPS.
