Gold Apr '22 (GCJ22)
Gold Futures Market News and Commentary
The dollar index (DXY00) on Tuesday rose by +0.34%. The dollar moved higher on Tuesday amid renewed concerns that the US-Iran ceasefire may break down after President Trump said the current ceasefire was on “life support.” Tuesday’s +4% surge in crude oil prices also boosted inflation expectations and may prompt the Fed to tighten monetary policy, a supportive factor for the dollar. In addition, stock weakness on Tuesday spurred some liquidity demand for the dollar. The dollar added to its gains on Tuesday’s stronger-than-expected US Apr CPI report, a hawkish factor for Fed policy.
US Apr CPI rose +3.8% y/y, stronger than expectations of +3.7% y/y and the fastest pace of increase in almost three years. Apr core CPI rose +2.8% y/y, stronger than expectations of +2.7% y/y and the largest increase in six months.
Tuesday’s comments from Chicago Fed President Austan Goolsbee were hawkish and supportive of the dollar, as he said the worst part of the April CPI report is ser... Read more
Barchart · Tue May 12, 2:34PM CDT
The dollar index (DXY00 ) on Tuesday rose by +0.34%. The dollar moved higher on Tuesday amid renewed concerns that the US-Iran ceasefire may break down...
Barchart · Tue May 12, 10:30AM CDT
First Majestic Silver (AG) shares show a renewed medium-term rising trend, reflecting increased buying interest among investors. The stock recently broke...
Barchart · Tue May 12, 9:34AM CDT
The dollar index (DXY00 ) today is up by +0.45%. The dollar is climbing today on renewed concerns that the US-Iran ceasefire may break down after President...
Blue Line Futures · Tue May 12, 6:13AM CDT
Dive into today's early market action with the Blue Line Futures Metals Minute! (Episode 657)
Barchart · Mon May 11, 2:34PM CDT
The dollar index (DXY00 ) on Monday rose by +0.05%. The dollar was supported on Monday by increased safe-haven demand after the US and Iran failed to...
Barchart · Mon May 11, 9:42AM CDT
The dollar index (DXY00 ) today is down by -0.03%. The dollar gave up an early advance today and turned lower after US Apr existing home sales rose less...
Barchart · 7 minutes ago
McDonald's stock is trading near its 52-week lows and has a dividend yield of aroudn 2.7%. However, the stock does not look like a compelling buy yet.
Barchart · 1 hour ago
Cotton futures closed the Tuesday session with front months down 105 to 145 points. The US dollar index was $0.366 higher at $98.190. Crude oil was up...
Barchart · 1 hour ago
Live cattle futures posted $1.70 to $2.80 losses across most front months. Cash trade has been quiet this week, with a few bids of $260. Last week settled...
Barchart · 1 hour ago
Lean hog futures posted losses of 75 cents to $1.80 across most contracts on Tuesday, with May up a nickel. USDA’s national base hog price was reported...
Barchart · 1 hour ago
Soybeans were in rally mode on Tuesday, with contracts up 10 1/4 to 13 3/4 cents at the close. The cmdtyView national average Cash Bean price was up 14...
Barchart · 1 hour ago
Corn futures held on Tuesday, with contracts up 4 to 5 cents at the close. A limit rally in the wheat market was supportive. The CmdtyView national average...
Barchart · 1 hour ago
The wheat complex was in rally mode on Tuesday, hitting the limit in a few contracts. Chicago SRW was up as little as 13 ½ cents in the deferreds to the...
Barchart · Tue May 12, 4:07PM CDT
SanDisk stock sank today amid a broader selloff in memory and semiconductor names. But should you buy the dip in SNDK shares today?
