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Gold Apr '22 (GCJ22)

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Gold Futures Market News and Commentary

Dollar Rises on Hawkish Rally in Oil Prices

The dollar index (DXY00) on Monday rose by +0.28% on safe-haven demand after Iran said it had halted ceasefire talks with the US, which raised the potential threat of a resumed full-scale US attack on Iran.  That report prompted a rally of more than +5% in crude oil prices, which in turn prompted a +4 bp rise in the 10-year T-note yield and supported the dollar’s interest rate differentials. 

The dollar also saw support after the May US manufacturing PMI rose +1.3 points to 54.0, stronger than expectations for a +0.3 point rise to 53.0.  However, S&P’s final-May manufacturing PMI was revised -0.2 points lower to 55.1 from the preliminary report of 55.3, versus expectations for an unrevised report.  On a positive inflation note, the May ISM prices-paid index fell by -2.5 points to 82.1 from 84.6, weaker than expectations for a +0.4 point rise to 85.0. 

The swaps markets are discounting the odds at 2% for a +25 bp rate cut hike at the next FOMC meeting on June 16-17.

Read more
British Pound, European Euro, American Dollar and Japanese Yen Currency by Virrage Images via Shutterstock
Dollar Rises on Hawkish Rally in Oil Prices

The dollar index (DXY00 ) on Monday rose by +0.28% on safe-haven demand after Iran said it had halted ceasefire talks with the US, which raised the potential...

Image by allstars via Shutterstock
May’s Top Performers and Underperformers

A stronger dollar, weaker bonds, and uncertainty on the economic and geopolitical landscapes weighed on many commodities in May 2026. Many commodities...

US dollar background by Iluhanos via iStock
Dollar Rises on Hawkish Rally in Oil Prices

The dollar index (DXY00 ) is up +0.42% on safe-haven demand after Iran said it halted ceasefire talks with the US, which could prompt a new large-scale...

Copper rods scrap metal by Alexa via Pixabay
Copper Breakout Holds the Line as Buyers Defend Key Acceptance Area

HG copper has staged a meaningful technical recovery from its March lows, breaking above the key 6.15 level in mid-May after months of range-bound price...

Silver dollar floating by Matthew Heinrichs via Pixabay
Copper & Silver Pop while Gold Drops! Here are the Drivers & The Week Ahead | Metals Minute Phil Streible

Dive into today's early market action with the Blue Line Futures Metals Minute! (Episode 671)

Gold bars in a row by andriano_cz via iStock
Gold’s Bounce Failed Where It Should Have

And we've seen what this means before.

Is Eaton Corporation Stock Underperforming the S&P 500?

Eaton Corporation stock has slightly lagged the broader S&P 500 over the past year, but analysts remain fairly bullish about its prospects.

Is Analog Devices Stock Outperforming the S&P 500?

As Analog Devices has surpassed the S&P 500 Index over the past year, analysts are bullish about the stock’s prospects.

This High-Yield Home Improvement Stock Just Hiked Its Dividend by 4.2%

Lowe’s Companies raised its quarterly dividend by 4.2% to $1.25 per share, marking its 55th consecutive year of increases and reinforcing its status...

Cotton Closes Higher on Monday

Cotton futures were up 36 to 62 points in most contracts on Monday. The US dollar index was $0.288 lower at $98.140. Crude Oil as up $5.26 at the close....

Soybeans Fades Lower into Monday’s Close

Soybeans closed the Monday session with contracts down 1 to 6 cents. The cmdtyView national average Cash Bean price was down 3 3/4 cents at $11.21 1/4....

Wheat Pulls Back on Monday

The wheat complex saw losses across all three markets on Monday. Chicago SRW futures were fractionally to 2 ¾ cents lower on the day. KC HRW futures were...

Hogs Sees Pressure on Monday

Lean hog futures are trading with losses of 75 cents to $1.12 at the close, with July 35 cents higher. USDA’s national base hog price was reported at...

Corn Pulls off Lows into the Monday Close, with Ratings Below Estimates

Corn futures posted losses of 2 to 3 cents in the front months, with a few deferred contracts fractionally to 1 ½ cents higher. The CmdtyView national...

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