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Gold Apr '23 (GCJ23)

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Gold Futures Market News and Commentary

Dollar Falls in Hopes of De-escalation of Middle East Hostilities

The dollar index (DXY00) fell by -0.36% on Thursday and held just above Wednesday's 4-week low.  Weaker-than-expected US economic news on Thursday weighed on the dollar.  Q4 GDP was unexpectedly revised lower, Feb personal income and spending rose less than expected, and weekly jobless claims rose more than expected to an 8-week high.  The dollar fell to its low on Thursday in hopes of de-escalation of hostilities in the Middle East when Axios reported that direct negotiations between Israel and Lebanon will begin next week in Washington.

Losses in the dollar were limited as doubts about the sustainability of the US-Iran ceasefire boosted some safe-haven demand for the dollar.  Also, Thursday's +3% jump in WTI crude oil prices raises inflation expectations, hawkish for Fed policy, and supportive of the dollar.

US weekly initial unemployment claims rose by +16,000 to an 8-week high of 219,000, showing a weaker labor market than expectations of 210,000.

US Feb person... Read more

Puzzle made of money by Qimono via Pixabay
Dollar Falls in Hopes of De-escalation of Middle East Hostilities

The dollar index (DXY00 ) fell by -0.36% on Thursday and held just above Wednesday's 4-week low. Weaker-than-expected US economic news on Thursday weighed...

DXY00 : 98.948 (+0.13%)
GCM26 : 4,768.6 (-1.03%)
SIK26 : 75.355 (-1.42%)
^USDJPY : 159.308 (+0.21%)
^EURUSD : 1.16848 (-0.12%)
Money transfer Global Currency by Panuwatccn via Shutterstock
Dollar Slips on Weak US Economic News

The dollar index (DXY00 ) is down by -0.24% today and just above Wednesday's 4-week low. Weaker-than-expected US economic news today is weighing on the...

DXY00 : 98.948 (+0.13%)
GCM26 : 4,768.6 (-1.03%)
SIK26 : 75.355 (-1.42%)
^USDJPY : 159.308 (+0.21%)
^EURUSD : 1.16848 (-0.12%)
2 pumpjacks at sunset by vadimrysev via iStock
Oil Surges w/ Gold & Silver Steady! Here is the Oil Contract to Watch

Oil moves higher while gold and silver hold steady, with Phil Streible breaking down the key oil contract in focus and the broader market setup on Metals...

Dollar bills in an organized pile by TheDigitalArtist via Pixabay
Dollar Falls and Gold Rallies on US-Iran Ceasefire

The dollar index (DXY00 ) on Wednesday fell by -0.71% and posted a 4-week low. The dollar plummeted on Wednesday after the US and Iran agreed to a ceasefire,...

DXY00 : 98.948 (+0.13%)
GCM26 : 4,768.6 (-1.03%)
SIK26 : 75.355 (-1.42%)
^USDJPY : 159.308 (+0.21%)
^EURUSD : 1.16848 (-0.12%)
A hundred dollar bill being torn by Alona Siniehina via iStock
Dollar Tumbles and Gold Surges on US-Iran Ceasefire

The dollar index (DXY00 ) is sharply lower today by 1.13% at a 4-week low. The dollar is plummeting today after the US and Iran agreed to a ceasefire,...

DXY00 : 98.948 (+0.13%)
GCM26 : 4,768.6 (-1.03%)
SIK26 : 75.355 (-1.42%)
^USDJPY : 159.308 (+0.21%)
^EURUSD : 1.16848 (-0.12%)
Gold bar graph by Lemonsoup14 via Shutterstock
Gold & Silver Surge Overnight! Where Do We Go From Here? Key Levels

Gold and silver move higher overnight as markets assess the next direction, with Phil Streible breaking down the metals setup and key levels in focus on...

Up 24% in 2026 and Yielding 3.1%, How Should You Play SHEL Stock Amid an Iran Ceasefire?

Shell is riding a rare combination of surging oil prices, strong trading gains, and a 25% year‑to‑date stock rally that has pushed SHEL to its best...

QAM26 : 97.49 (+1.64%)
SHEL : 91.09 (-1.00%)
MTLPF : 41.1500 (-3.15%)
Soybeans Post Slight Thursday Gains as USDA Makes Very Few Major Changes

Soybeans posted gains of ¼ to 4 cents on Thursday, led by the front months. The cmdtyView national average Cash Bean price was up 3 3/4 cents at $10.97...

ZSPAUS.CM : 10.9723 (+0.32%)
ZLK26 : 67.70 (unch)
ZMN26 : 319.7 (+1.04%)
ZSPX26US.CM : 10.8546 (+0.03%)
ZSX26 : 1156-6 (+0.37%)
ZSK26 : 1170-0 (+0.41%)
ZSN26 : 1185-6 (+0.40%)
Cattle Close with Thursday Gains as Cash Trade Looks Firmer

Live cattle futures posted gains of 77 cent to $1.27 at the Thursday close. Cash trade saw some light trade at $246 in the South, steady to up $1 from...

LEQ26 : 243.350s (+0.38%)
LEM26 : 247.200s (+0.52%)
LEJ26 : 249.775s (+0.31%)
GFK26 : 370.425s (+0.66%)
GFJ26 : 372.525s (+0.50%)
GFQ26 : 370.125s (+0.59%)
Wheat Falls on Thursday with Larger World Stocks Outlook

The wheat complex was weaker on Thursday, following an increased stocks number from USDA. Chicago SRW futures saw losses of 4 ¾ to 7 ¼ cents at the close....

KEN26 : 606-2 (+0.08%)
KEK26 : 591-6 (+0.21%)
MWK26 : 6.1950 (+0.20%)
ZWK26 : 574-6 (+0.04%)
ZWN26 : 584-2 (-0.13%)
Cotton Rallies on Thursday

Cotton futures closed out the Thursday rally with contracts up 80 to 159 points across most contracts. The outside markets are generally supportive, with...

CTN26 : 75.12 (-0.27%)
CTK26 : 73.02 (-0.33%)
CTZ26 : 76.61 (-0.34%)
Hogs Face Pressure on Thursday

Lean hog futures saw front month April up 47 cents ahead of next week’s expiration, as other contracts were down 25 to 77 cents. USDA’s national base...

HEK26 : 95.900s (-0.49%)
HEJ26 : 90.675s (+0.53%)
HEM26 : 104.125s (-0.50%)
Corn Slips Lower on Thursday, as the Trade Looks Past USDA Reports

Corn futures saw losses on Thursday, with contracts down 1 ½ to 3 ¼ cents. The CmdtyView national average Cash Corn price was down 3 cents at $4.05 1/2....

ZCZ26 : 474-2 (unch)
ZCN26 : 455-2 (+0.05%)
ZCK26 : 444-6 (+0.17%)
ZCPZ26US.CM : 4.3402 (-0.44%)
ZCPAUS.CM : 4.0450 (-0.76%)
As Amazon Takes on Chipmakers, Should You Buy AMZN Stock Here?

Amazon stock pushed higher as the company revealed plans of selling AI chips and announces $25 billion data center investment in Mississippi. Here’s...

NVDA : 183.91 (+1.01%)
AMD : 236.64 (+2.08%)
AMZN : 233.65 (+5.60%)
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