Gold Feb '24 (GCG24)
Gold Futures Market News and Commentary
The dollar index (DXY00) rallied to a 1-week high today and is up by +0.41%. The dollar jumped today on hawkish comments from Fed Chair Warsh, who warned inflation isn’t meaningfully slowing and vowed that policymakers will return inflation to their 2% target. The chance of a Fed rate hike at next month’s FOMC meeting rose to 50% from 36% before Warsh’s speech. Today’s unexpected upward revision in the University of Michigan US Aug consumer sentiment index is also supportive for the dollar.
Limiting gains in the dollar is today’s -1% decline in WTI crude oil, which weakened inflation expectations and could persuade the Fed to loosen monetary policy, a bearish factor for the dollar. Also, the unexpected downward revision to US 2026 nonfarm payrolls suggests the labor market was weaker than previously stated, a dovish factor for Fed policy. In addition, the unexpected contraction in the Aug MNI Chicago PMI is negative for the dollar.
Fed Chair Warsh said he's impress... Read more
Barchart · 1 hour ago
COMEX copper futures have reached another new record high in August 2026. However, LME three-month copper forwards have remained below their January 2026...
Barchart · Fri Aug 28, 9:45AM CDT
The dollar index (DXY00 ) rallied to a 1-week high today and is up by +0.41%. The dollar jumped today on hawkish comments from Fed Chair Warsh, who warned...
Blue Line Futures · Fri Aug 28, 6:10AM CDT
Dive into today's market action with the Blue Line Futures Metals Minute! (Episode 733)
Barchart · Thu Aug 27, 2:35PM CDT
The dollar index (DXY00 ) rose to a 1-week high on Thursday and finished up by +0.03%. The dollar found some support on Thursday after weekly US jobless...
Barchart · Thu Aug 27, 9:32AM CDT
The dollar index (DXY00 ) rose to a 1-week high today and is up +0.01%. The dollar found some support today after weekly US jobless claims unexpectedly...
Blue Line Futures · Thu Aug 27, 6:08AM CDT
Dive into today's market action with the Blue Line Futures Metals Minute! (Episode 732)
Barchart · 18 minutes ago
Azio AI shares rally on an expanded Nvidia GPUs deal with Power Champion. But is it worth chasing the momentum in AZIO stock? Let’s find out!
Barchart · 23 minutes ago
Markets reacted immediately after the new Fed chief’s debut speech at Jackson Hole.
Barchart · 24 minutes ago
Amazon-backed Zoox is launching robotaxis in San Francisco, taking on Waymo and Tesla as the ride-hailing market races toward $514 billion by 2031.
Barchart · 24 minutes ago
Consider buying a put option on December hard red winter wheat futures.
Barchart · 35 minutes ago
October NY world sugar #11 (SBV26 ) is down -0.64 (-3.52%) today, and October London ICE white sugar #5 (SWV26 ) is down -13.20 (-2.52%). Sugar prices...
Barchart · 56 minutes ago
December ICE NY cocoa (CCZ26 ) is up +444 (+7.19%) today, and September ICE London cocoa #7 (CAU26 ) is up +363 (+8.27%). Cocoa prices are rallying sharply...
Barchart · 1 hour ago
December arabica coffee (KCZ26 ) is up +5.60 (+1.81%) today, and November ICE robusta coffee (RMX26 ) is down -20 (-0.56%). Coffee prices are mixed today...
Barchart · 1 hour ago
October WTI crude oil (CLV26 ) is down -0.35 (-0.42%) today, and October RBOB gasoline (RBV26 ) is up +0.0510 (+1.71%). Crude oil and gasoline prices are...