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Gold Apr '21 (GCJ21)

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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)

Are Wall Street Analysts Predicting Jacobs Solutions’ Stock Will Climb or Sink?

Despite Jacobs Solutions’ shaky stock performance, Wall Street still sees enough fuel in the tank to keep optimism alive.

Do Wall Street Analysts Like Illinois Tool Works Stock?

As Illinois Tool Works has considerably underperformed the broader market over the past 52 weeks, Wall Street analysts maintain a cautious outlook about...

Wall Street Is Warming Back Up to CoreWeave Stock. Long-Term Demand Is Helping.

The firm expects the company to reach profitability by 2028.

Palantir’s AI Surge Meets Market Correction. Buy the PLTR Stock Dip Now.

Palantir recently became one of the worst mega-cap performers YTD, but can the AI company ride out the storm?

1 Outstanding AI Stock You’ll Regret Ignoring 10 Years From Now

CoreWeave may still be in the early stages of its growth story.

A $2.6 Billion Reason to Buy Bloom Energy Stock Now

Bloom Energy just landed a $2.6 billion deal with Nebius. Here's why BE stock looks like one of the best AI infrastructure plays right now.

Intel Just Launched Its SuperClaw AI Tool. INTC Stock Is Finally Back from the Dead.

Intel just launched a new AI tool called SuperClaw. Already surging 483% this year, will the rise continue?

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