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Gold Mar '19 (GCH19)

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Gold Futures Market News and Commentary

Dollar Erases Early Gains as US Consumer Sentiment Sinks

The dollar index (DXY00) on Friday gave up an early advance and finished little changed.  The dollar was pressured on Friday after the University of Michigan’s May US consumer sentiment index was revised downward to a record low.  Also, Friday’s rally in stocks curbed liquidity demand for the dollar. The dollar found early support on Friday from hawkish comments from Fed Governor Christopher Waller, who said he supports a Fed rate increase if inflation doesn’t soon slow.

The University of Michigan’s May US consumer sentiment index was revised lower to a record low of 44.8 (data from 1978), weaker than expectations of no change at 48.2.

The University of Michigan’s US May 1-year inflation expectations rate was revised upward to a 9-month high of +4.8% from +4.5%, stronger than the +4.6% expected.  Also, May 5-10 year inflation expectations rate was revised upward to a 7-month high of +3.9%, stronger than expectations of no change at +3.4%.

Fed Governor Christopher W... Read more

Dollar bills in an organized pile by TheDigitalArtist via Pixabay
Dollar Erases Early Gains as US Consumer Sentiment Sinks

The dollar index (DXY00 ) on Friday gave up an early advance and finished little changed. The dollar was pressured on Friday after the University of Michigan’s...

US dollar background by Iluhanos via iStock
Dollar Gains and Gold Falls on Hawkish Waller

The dollar index (DXY00 ) today is up +0.15%, just below Thursday's 6-week high. The dollar is supported by hawkish comments from Fed Governor Christopher...

Silver dollar floating by Matthew Heinrichs via Pixabay
Gold & Silver Slide while Copper RIPS Higher! Silver Option Strategy | Will Support Hold? Metals Minute Phil Streible

Dive into today's early market action with the Blue Line Futures Metals Minute! (Episode 665)

Pulling money out of wallet by Izf via iStock
Dollar Supported by Middle East Uncertainty

The dollar index (DXY00 ) rallied to a 6-week high on Thursday and finished up by +0.13%. Doubts over a US-Iran peace deal that would reopen the Strait...

Pile of money with hands by Sergey Nazarov via iStock
Dollar Gains as Crude Rallies and Stocks Fall

The dollar index (DXY00 ) rallied to a 6-week high today and is up by +0.31%. Doubts over a US-Iran peace deal that would reopen the Strait of Hormuz...

Silver dollar floating by Matthew Heinrichs via Pixabay
Gold & Silver Drop On Breaking Headlines | The Key Levels to Watch | Metals Minute Phil Streible

Dive into today's early market action with the Blue Line Futures Metals Minute! (Episode 664)

Intel Urges PC Makers to Switch to Its Latest Chips Amid AI Demand. This Could Be the Margin Boost INTC Stock Needs.

Intel wants to capture higher margins amid surging AI PC demand and tightening supply of advanced nodes.

Veralto Corporation Stock Outlook: Is Wall Street Bullish or Bearish?

Veralto Corporation has considerably underperformed the broader market over the past 52 weeks, yet Wall Street analysts maintain a moderately optimistic...

Why Billionaire George Soros Is Betting Big on Talkspace Stock

Talkspace is in focus now as billionaire George Soros builds a massive stake and a $835 million acquisition moves forward.

When Growth Stocks Finally Collapse, You’ll Want This 1 Anti-Beta ETF in Your Portfolio

Knowing how to use this tool will help ensure you are a step ahead of the game the next time the stock market rolls over.

Micron Stock is Up over 133% From Its Lows - But Is MU Still Undervalued?

Micron stock is up 133% from its March 30 low of $321.80, but MU could still be cheap. Moreover, analysts have raised their price targets. One play is...

Sickly Healthcare Stocks Are Perking Up. For Contrarian Investors, Buying Now Could Be Just the Remedy to Protect Your Portfolio.

Go beyond the broad index and find which segment of healthcare best suits your portfolio needs now.

Can November Soybeans Challenge Contract Highs? Strong Crush Demand and Seasonal Strength Say It's Possible

November soybeans may be setting up one of the better seasonal opportunities in ag markets right now. Record crush demand, bullish technicals, and a weather...

Ryan Cohen Plans Aggressive Push to Buy eBay. GameStop’s Balance Sheet Says He Has the Firepower to Make It Happen.

GameStop CEO Ryan Cohen wants to buy eBay for $125/share despite board rejection. Here's what GME's balance sheet tells us about whether this deal can...

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