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Gold Apr '16 (GCJ16)

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Gold Futures Market News and Commentary

Dollar Supported by Higher Crude Prices

The dollar index (DXY00) is up by +0.06% today.  The dollar is slightly higher today as the escalation of hostilities between the US and Iran is boosting crude oil prices, which raises inflation expectations that could prompt the Fed to tighten monetary policy, a supportive factor for the dollar.  Higher T-note yields today have also strengthened the dollar’s interest rate differentials.  Today’s rally in stocks has curbed liquidity demand for the dollar, limiting gains in the currency.

The US and Iran exchanged strikes for a 10th consecutive day as mediators sought to revive a truce, with the US targeting military command centers, launch sites and air defenses in Iran and Iran attacking US military sites in Kuwait and Jordan.  The UK navy also reported today that Iran struck two vessels around the Strait of Hormuz.

The swaps markets are discounting the odds at 18% for a +25 bp rate hike at the next FOMC meeting on July 28-29.

EUR/USD (^EURUSD) is down by -0.01% to... Read more

Pulling money out of wallet by Izf via iStock
Dollar Supported by Higher Crude Prices

The dollar index (DXY00 ) is up by +0.06% today. The dollar is slightly higher today as the escalation of hostilities between the US and Iran is boosting...

Gold bars in a row by Dmitrii Motorin via iStock
Why Persistent Inflation Isn’t Enough to Prevent a Plunge in Gold Prices

As persistent inflation continues to drag on the global economy this summer, gold isn’t soaring to new heights. Instead, it is fading away.

Image by allstars via Shutterstock
Metals Explode | Silver Eyes $60.70, Copper Squeeze | Gold Double Bottom Metals Minute Phil Streible

Dive into today's market action with the Blue Line Futures Metals Minute! (Episode 705)

Pile of money by Atlantagreg via iStock
Dollar Supported by Higher T-Note Yields and Crude Prices

The dollar index (DXY00 ) rose by +0.18% on Monday. The dollar strengthened on Monday as escalation of hostilities between the US and Iran is boosting...

Image by Karolina Kaboompics via Pexels
Dollar Firms With T-Note Yields and Crude Prices

The dollar index (DXY00 ) is up by +0.17% today. The dollar is moving higher today as escalation of hostilities between the US and Iran is boosting crude...

Silver nuggets and ingot by Mike Maniatis via Shutterstock
Silver Dip Buyers Step Back In | Key Levels | Navigating the Week Ahead | Metals Minute Phil Streible

Dive into today's market action with the Blue Line Futures Metals Minute! (Episode 704)

Coffee Prices Erase Early Gains on Forecasts for Dry Weather in Brazil

September arabica coffee (KCU26 ) on Tuesday closed down -2.45 (-0.75%), and September ICE robusta coffee (RMU26 ) closed down -66 (-1.70%). Coffee prices...

3 Hong Kong AI Stocks to Buy Now If You Want to Invest Like Michael Burry

Michael Burry is turning bullish on beaten-down Hong Kong AI stocks, JD.com, Alibaba, and Tencent, which could offer compelling long-term upside as the...

Micron Stock Is Near Bear-Market Territory. Here’s Why ASML’s Guidance Says Buy the Dip.

Micron shares have fallen sharply despite explosive growth in its data center and cloud memory businesses.

India’s Private-Sector Banks Sold Off on NIM Fears. Ignore the Panic and Buy the Dip in HDFC Stock Here.

HDFC Bank fell over 10% on Monday. Despite net interest margin pressure from its post-merger transition, normalized net income has grown at a 19% CAGR...

PayPal Says a $53 Billion Takeover Offer from Stripe Undervalues It. How to Play PYPL Stock Here.

PayPal’s board thinks the $53 billion takeover might be undervaluing the stock. Should you buy the stock here?

NBIS Stock Alert: What to Know as Nvidia Reveals 9.3% Stake in Nebius

Nebius shares rally as SEC filing confirms Nvidia’s 9.3% stake in the neocloud operator. But does that warrant buying NBIS stock at current levels?

Unusual Put Options Volume in Fox Corp After FOXA Stock Rebounds After Roku Deal Reaction

Today, investors have traded large, unusual volumes of Fox Corp out-of-the-money put options expiring in one month. FOXA is up from lows after Fox's deal...

Soybeans Slipping Back on Turnaround Tuesday

Soybeans are posting Turnaround Tuesday losses of 4 to 8 cents so far at midday. The cmdtyView national average Cash Bean price is down 7 1/24 cents at...

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