Gold Feb '24 (GCG24)
Gold Futures Market News and Commentary
The dollar index (DXY00) climbed to a 1.5-week high on Thursday and finished up by +0.22%. The dollar remains supported amid persistent tensions in the Middle East, which is boosting safe-haven demand for the dollar. Also, rising crude oil prices are pushing up inflation expectations, a hawkish factor for Fed policy and supportive of the dollar.  In addition, signs of strength in US manufacturing activity are bullish for the dollar, following the Apr S&P manufacturing PMI, which expanded at its strongest pace in nearly 4 years.Â
The dollar fell back from its best level after US weekly jobless claims rose more than expected, and the Mar Chicago Fed National Activity Index fell more than expected to a 4-month low.
The US and Iran are locked in a battle for control of the Strait of Hormuz, with both sides blocking the waterway to gain leverage during an extended ceasefire. The US said it was waiting for a response from Iran before peace talks could restart, and Iran said... Read more
Barchart · Thu Apr 23, 2:37PM CDT
The dollar index (DXY00 ) climbed to a 1.5-week high on Thursday and finished up by +0.22%. The dollar remains supported amid persistent tensions in the...
Barchart · Thu Apr 23, 9:33AM CDT
The dollar index (DXY00 ) today climbed to a 1.5-week high and is up by +0.04%. The dollar remains supported amid persistent tensions in the Middle East,...
Barchart · Wed Apr 22, 2:36PM CDT
The dollar index (DXY00 ) on Wednesday rose to a 1-week high and finished up by +0.20%. The dollar found support on Wednesday as the escalation of the...
Barchart · Wed Apr 22, 12:56PM CDT
Diamonds may be a girl's best friend, but they're your portfolio's worst nightmare. Diamond prices are caving in, and it doesn't look like they're going...
Barchart · Wed Apr 22, 10:56AM CDT
Let’s look at the key outside markets and their present daily price impacts on gold and silver.
Barchart · Wed Apr 22, 9:38AM CDT
The dollar index (DXY00 ) today is down by -0.03%. The dollar gave up an early advance today and turned lower after a rally in stocks reduced liquidity...
Barchart · 35 minutes ago
The wheat complex was in rally mode on Thursday. KC HRW futures led the wheat rally, with gains of 10 ½ to 29 ¼ cents, led by the front months. Chicago...
Barchart · 35 minutes ago
Lean hog futures rounded out the Thursday trade with contracts 20 to 82 cents higher. USDA’s national base hog price was not reported on Thursday afternoon...
Barchart · 35 minutes ago
Corn futures closed the Thursday session with most contracts ½ to 2 ¾ cents higher. The CmdtyView national average Cash Corn price as up 1 3/4 cents...
Barchart · 35 minutes ago
Live cattle futures saw 22 cent to $1.05 gains to close out the Thursday session. Cash trade this week has been centered around $246 across the country....
Barchart · 35 minutes ago
Soybeans saw weakness for much of the Thursday session, with contracts down 1 to 4 ¾ cents. The cmdtyView national average Cash Bean price was down 4...
Barchart · 35 minutes ago
Cotton futures resumed gains on the Thursday session, as contracts closed with 17 to 81 cent gains. The US dollar index was 0.234 higher at $98.655. Crude...
Barchart · 1 hour ago
Apple’s leadership shift arrives as the company pushes into AI, but execution risks and China exposure remain in focus.
Barchart · Thu Apr 23, 3:34PM CDT
The S&P 500 Index ($SPX ) (SPY ) on Thursday closed down -0.41%, the Dow Jones Industrial Average ($DOWI ) (DIA ) closed down -0.36%, and the Nasdaq 100...
