Gold Feb '21 (GCG21)
Gold Futures Market News and Commentary
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
Barchart · Fri May 22, 2:34PM CDT
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...
Barchart · Fri May 22, 9:43AM CDT
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...
Blue Line Futures · Fri May 22, 6:14AM CDT
Dive into today's early market action with the Blue Line Futures Metals Minute! (Episode 665)
Barchart · Thu May 21, 2:38PM CDT
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...
Barchart · Thu May 21, 9:36AM CDT
The dollar index (DXY00 ) rallied to a 6-week high today and is up by +0.31%. Doubts over a US-Iran peace deal that would reopen the Strait of Hormuz...
Blue Line Futures · Thu May 21, 6:11AM CDT
Dive into today's early market action with the Blue Line Futures Metals Minute! (Episode 664)
Barchart · 32 minutes ago
Public Storage continues drawing measured optimism from analysts as steady execution keeps bearish sentiment parked on the sidelines.
Barchart · 45 minutes ago
While Equifax has underperformed the broader market over the past year, Wall Street still appears optimistic about the stock.
Barchart · Mon May 25, 1:36AM CDT
Despite Jacobs Solutions’ shaky stock performance, Wall Street still sees enough fuel in the tank to keep optimism alive.
Barchart · Sun May 24, 4:41PM CDT
Long weighed down by smartphone market stagnation and the impending loss of Apple as a client, Qualcomm is staging a powerful comeback as it transitions...
Barchart · Sun May 24, 4:24PM CDT
As Illinois Tool Works has considerably underperformed the broader market over the past 52 weeks, Wall Street analysts maintain a cautious outlook about...
Barchart · Sun May 24, 2:00PM CDT
The firm expects the company to reach profitability by 2028.
Barchart · Sun May 24, 1:45PM CDT
Palantir recently became one of the worst mega-cap performers YTD, but can the AI company ride out the storm?
Barchart · Sun May 24, 1:20PM CDT
CoreWeave may still be in the early stages of its growth story.
