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Gold Feb '24 (GCG24)

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Gold Futures Market News and Commentary

Dollar Rallies and Gold Falls on Hawkish Fed Chair Warsh

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

Copper wires by Lukasz Klepaczewski via Pixabay
Is Copper Going to Trade $7 per Pound?

COMEX copper futures have reached another new record high in August 2026. However, LME three-month copper forwards have remained below their January 2026...

Federal Reserve Building 2 by Jeremy Edwards via iStock
Dollar Rallies and Gold Falls on Hawkish Fed Chair Warsh

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...

Silver bars stacked by Walter Freudling via Pixabay
Silver SMASHES $70 to $71.31! Gold Holds 200 DMA, Jackson Hole Today | Metals Minute Phil Streible

Dive into today's market action with the Blue Line Futures Metals Minute! (Episode 733)

Money transfer Global Currency by Panuwatccn via Shutterstock
Dollar Finishes Slightly Higher Ahead of Fed Chair Warsh

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...

A U_S_ banknote that is digitally warped by Ruslan Lytvyn via Shutterstock
Dollar Little Changed as Stocks Rally

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...

Liberty silver dollar by Tony Savino via iStock
Gold Down 3 Days, Silver Near $70! Key Levels as Jackson Hole Kicks Off | Metals Minute Phil Streible

Dive into today's market action with the Blue Line Futures Metals Minute! (Episode 732)

This Little-Known AI Stock Is Winning Big on Nvidia’s Blowout Q2

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!

Fed Chair Kevin Warsh Says Policymakers Have ‘Work to Do’ in Clearest Hints Yet at Short-Term Rate Hikes

Markets reacted immediately after the new Fed chief’s debut speech at Jackson Hole.

Amazon Takes on Waymo and Tesla With Massive Robotaxi Launch in San Francisco. What That Means for AMZN Stock.

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.

Wheat Prices Just Hit a 3-Year High. How to Trade HRW Wheat Here.

Consider buying a put option on December hard red winter wheat futures.

Sugar Prices Erase Early Gains as Real Strength Spurs Long Liquidation

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...

Supply Fears Push Cocoa Prices to 11-Month Highs

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...

Arabica Coffee Supported by a Slump in ICE Inventories

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...

Crude Prices Slip as More Oil Flows Through the Strait of Hormuz

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...

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