Gold Feb '21 (GCG21)
Gold Futures Market News and Commentary
The dollar index (DXY00) fell to a 2.25-month low today and is down by -0.18%. The dollar extended last week’s losses today after a raft of weaker-than-expected US economic news dialed back expectations of tighter Fed policy. The chance of a Fed rate hike next month has dropped to 31% from about 75% in late July.
The dollar is also being undercut by reduced safe-haven demand as President Trump appears to have given up on plans for any new major military attack on Iran for the time being, favoring economic pressure instead. Treasury Secretary Bessent said last Friday that the administration will soon announce unprecedented economic measures against Iran that "have never been seen in the history of economic isolation of a country." Yet, the military conflict continues as there were reports that Iran attacked two Abu Dhabi oil vessels in the Strait of Hormuz on Thursday night.
Dollar losses are limited today on some better-than-expected US economic news. The Aug Empire... Read more
Barchart · 1 hour ago
The dollar index (DXY00 ) fell to a 2.25-month low today and is down by -0.18%. The dollar extended last week’s losses today after a raft of weaker-than-expected...
WealthUp · Mon Aug 17, 7:00AM CDT
Silver doesn't get nearly the same love as its top-of-the-podium brother, gold, but these silver ETFs can still be pretty useful.
Barchart · Mon Aug 17, 6:30AM CDT
After a brutal correction from its January peak, silver has staged a modest recovery over the past month. The white metal’s volatile moves continue to...
Blue Line Futures · Mon Aug 17, 6:01AM CDT
Dive into today's market action with the Blue Line Futures Metals Minute! (Episode 724)
ONE44 Analytics · Sun Aug 16, 12:56PM CDT
Educational and Actionable information using Fibonacci and W.D. Gann analysis.
Barchart · Fri Aug 14, 2:56PM CDT
The dollar index (DXY00 ) fell -0.27% on Friday as weak US retail sales and consumer sentiment reports reduced the odds of a September Fed rate hike to...
Barchart · 3 minutes ago
Fortinet (FTNT) demonstrates strong momentum, with a 98% gain over the past year. FTNT is projected to grow revenue 19.41% this year and 10.97% next year,...
Barchart · 4 minutes ago
Arch Capital has underperformed the broader market over the past year, but analysts are moderately optimistic about the stock’s prospects.
Barchart · 6 minutes ago
Texas Pacific Land has outperformed the broader market over the past year, and analysts are moderately optimistic about the stock’s prospects.
Barchart · 11 minutes ago
Entergy has underperformed the broader market over the past year, but analysts are highly optimistic about the stock’s prospects.
Barchart · 14 minutes ago
Becton, Dickinson and Company has underperformed the broader market over the past year, but analysts are moderately optimistic about the stock’s prospects....
Barchart · 20 minutes ago
September arabica coffee (KCU26 ) is up +11.80 (+3.49 %) today, and September ICE robusta coffee (RMU26 ) is up +95 (+2.62%). Coffee prices are sharply...
Barchart · 21 minutes ago
Rocket Lab delivered record growth and a record backlog before Neutron has even flown, showing the company has become more than a bet on its next big rocket....
Barchart · 30 minutes ago
September WTI crude oil (CLU26) today is down -0.03 (-0.03%), and September RBOB gasoline (RBU26) is up +0.0219 (+0.69%). Crude oil and gasoline prices...