Gold Feb '25 (GCG25)
Gold Futures Market News and Commentary
The dollar index (DXY00) fell by -0.17% on Wednesday. The dollar fell on Wednesday after the S&P 500 climbed to a new record high, reducing demand for dollar liquidity. Also, Wednesday’s weaker-than-expected reports on July ADP employment and July ISM services were bearish for the dollar. Losses in the dollar are limited on hawkish comments from Kansas City Fed President Jeff Schmid and Minneapolis Fed President Neel Kashkari, who said tighter Fed policy was needed to reduce inflation.
The US July ADP employment change rose by +44,000, weaker than expectations of +65,000.
The US July ISM services index rose +0.1 to 54.1, weaker than expectations of 54.5. The July ISM services price paid sub-index unexpectedly rose +2.6 to 70.3, stronger than expectations of a decline to 65.0.
Tuesday evening, Kansas City Fed President Jeff Schmid said, “Given the strength of demand and investment, I do not see the current stance of monetary policy as restrictive. As such, I be... Read more
Barchart · Wed Aug 5, 2:35PM CDT
The dollar index (DXY00 ) fell by -0.17% on Wednesday. The dollar fell on Wednesday after the S&P 500 climbed to a new record high, reducing demand for...
Klarenbach Research · Wed Aug 5, 11:26AM CDT
Gold bugs are celebrating another breakout above the trendline and 50-day moving average. However, with the 50-day MA still declining, caution is warranted...
Barchart · Wed Aug 5, 9:35AM CDT
The dollar index (DXY00 ) is down by -0.20% today. The dollar is falling today as stock strength has reduced demand for liquidity in the dollar. Also,...
TradeGuidance · Wed Aug 5, 9:18AM CDT
We review our metals setups for the day
Blue Line Futures · Wed Aug 5, 6:19AM CDT
Dive into today's market action with the Blue Line Futures Metals Minute! (Episode 716)
Barchart · Tue Aug 4, 2:33PM CDT
The dollar index (DXY00 ) fell by -0.03% on Tuesday. The dollar was under pressure Tuesday as hopes for a deal to reopen the Strait of Hormuz have boosted...
Barchart · 5 minutes ago
Marvell Technology has significantly outperformed the broader market over the past year, while analysts remain highly optimistic about its future growth...
Barchart · 10 minutes ago
Coca-Cola has outperformed the broader market over the past year, and analysts remain highly optimistic about its future growth prospects.
Barchart · 10 minutes ago
CenterPoint Energy has underperformed the broader market over the past year, and analysts remain moderately optimistic about the stock’s prospects.
Barchart · 15 minutes ago
Halliburton has rallied better than the broader market over the past year, and analysts are fairly bullish about its future growth projections.
Barchart · 20 minutes ago
Eli Lilly's market-beating performance has done little to temper Wall Street's optimism, with analysts continuing to see meaningful upside in the stock....
Barchart · 24 minutes ago
Despite Southern Company's lackluster share price performance over the past year, Wall Street remains cautiously optimistic about the utility's long-term...
Barchart · 27 minutes ago
Tyson Foods may have trailed the S&P 500 over the past year, but Wall Street isn't ready to give up on the stock, with analysts remaining moderately optimistic...
Barchart · Thu Aug 6, 1:59AM CDT
Weyerhaeuser stock has underperformed the broader market over the past year, while analysts remain fairly bullish about its prospects.