Gold Apr '23 (GCJ23)
Gold Futures Market News and Commentary
The dollar index (DXY00) fell to a 2.5-month low on Wednesday and finished down by -0.45%. Optimism that a peace deal between the US and Iran is imminent weighed on safe-haven demand for the dollar on Wednesday. Also, Wednesday's -7% plunge in crude oil prices eases inflation expectations and could prompt the Fed to pursue a dovish, dollar-negative monetary policy. The dollar extended its losses on Wednesday after the US Apr ADP employment change was below expectations, a dovish factor for Fed policy. In addition, Wednesday's rally in the S&P 500 to a new record high has dampened liquidity demand for the dollar.Â
The dollar retreated on Wednesday after Axios reported that the US believes it's close to an agreement with Iran to end the nearly 10-week war. The US sees Iran responding within 48 hours to a one-page memorandum of understanding to end the war, which would include both sides lifting restrictions on the Strait of Hormuz.
The US Apr ADP employment change rose... Read more
Barchart · Wed May 6, 2:37PM CDT
The dollar index (DXY00 ) fell to a 2.5-month low on Wednesday and finished down by -0.45%. Optimism that a peace deal between the US and Iran is imminent...
Barchart · Wed May 6, 10:09AM CDT
Gold has long been sold as an inflation hedge. There is a much better reason to chase the precious metal and ETFs that track it.
Barchart · Wed May 6, 9:35AM CDT
The dollar index (DXY00 ) tumbled to a 2.5-month low today and is down by -0.46%. Optimism that a peace deal between the US and Iran is near is weighing...
Blue Line Futures · Wed May 6, 6:15AM CDT
Dive into today's early market action with the Blue Line Futures Metals Minute! (Episode 653)
Barchart · Tue May 5, 2:32PM CDT
The dollar index (DXY00 ) on Tuesday rose by +0.09%. The dollar rose slightly on Tuesday after the US March trade deficit was reported to be smaller than...
Barchart · Tue May 5, 2:00PM CDT
Gold rallied to a new record high in late January 2026 and corrected by over 27%. While gold remains in a long-term bullish trend, the price is consolidating...
Barchart · 28 minutes ago
Moderna has notably outperformed the broader market over the past year, yet Wall Street analysts maintain a cautious outlook about the stock’s prospects....
Barchart · 35 minutes ago
Lean hog futures were down 57 cents to $1.72 at Wednesday’s close. USDA’s national base hog price was reported at $94.59 on Wednesday afternoon, down...
Barchart · 35 minutes ago
Cotton futures closed the Wednesday session with contracts down 31 to 75 points. The US dollar index was $0.420 lower at $97.890. Crude oil was down $6.06...
Barchart · 35 minutes ago
Live cattle futures posted mixed results on Wednesday, with contracts down 22 cents to 55 cents higher. Cash trade from last week finished out near $256-257....
Barchart · 35 minutes ago
Corn futures posted losses of 10 ½ to 12 ¾ cents in most contracts on Wednesday, with a few deferred contracts down 4 to 7 cents. The CmdtyView national...
Barchart · 35 minutes ago
The wheat complex posted losses across the three markets on Wednesday. Chicago SRW futures were down 6 ¾ to 11 ¼ cents across the board on the midweek...
Barchart · 35 minutes ago
Soybeans closed the Wednesday session with contracts falling 10 to 16 ¾ cents. The cmdtyView national average Cash Bean price was down 16 1/2 cents at...
Barchart · Wed May 6, 3:40PM CDT
CoreWeave’s Q1 will reflect solid top-line growth as demand for its high-performance computing infrastructure remains solid.
