Gold Apr '23 (GCJ23)
Gold Futures Market News and Commentary
The dollar index (DXY00) on Wednesday rose by +0.20%. The dollar added to its week-long surge on Wednesday and posted a new 13-month high. The dollar continues to benefit from carryover support from last Wednesday, when the FOMC’s hawkish stance suggested higher interest rates later this year.  The dollar fell back from its best level after May’s new home sales unexpectedly fell to a 4-month low.
The US Q1 current account balance was -$225.8 billion, a larger deficit than the -$208.9 billion expected.
US May new home sales unexpectedly fell -7.3% m/m to a 4-month low of 580,000, weaker than expectations of an increase to 640,000.
The swaps markets are discounting the odds at 34% for a +25 bp rate cut hike at the next FOMC meeting on July 28-29.
EUR/USD (^EURUSD) fell by -0.25% on Wednesday and posted a fresh 1-year low. The dollar’s strength on Wednesday weighed on the euro. Also, the euro is falling amid negative carryover from Monday, after ECB Presiden... Read more
Peter Mooses · Thu Jun 25, 1:00AM CDT
Few markets have experienced the kind of volatility silver has over the past several months.
Barchart · Wed Jun 24, 2:34PM CDT
The dollar index (DXY00 ) on Wednesday rose by +0.20%. The dollar added to its week-long surge on Wednesday and posted a new 13-month high. The dollar...
Barchart · Wed Jun 24, 9:37AM CDT
The dollar index (DXY00 ) today is up by +0.26%. The dollar added to its week-long surge today and posted a new 13-month high. The dollar continues to...
Blue Line Futures · Wed Jun 24, 6:15AM CDT
Dive into today's market action with the Blue Line Futures Metals Minute! (Episode 688)
Barchart · Tue Jun 23, 2:34PM CDT
The dollar index (DXY00 ) climbed to a 13-month high on Tuesday and finished up by +0.36%. The dollar rallied on Tuesday's plunge in equity markets, boosting...
Gold Price Forecast · Tue Jun 23, 12:20PM CDT
It was about the rate channel. And this changes everything.
Barchart · Thu Jun 25, 12:56AM CDT
Delta Air Lines is approaching earnings with strong momentum, steady analyst support, and investors watching whether the carrier can stay aloft.
Barchart · Wed Jun 24, 6:30PM CDT
Domino's Pizza stock fell to a 52-week low on June 23. With a dividend yield of 2.7% and a reasonable valuation, DPZ stock is a decent buy for income-seeking...
Barchart · Wed Jun 24, 5:16PM CDT
Lean hog futures closed Wednesday with mixed trade, with front months down 30 to 52 cents and deferred contracts 10 to 40 cents higher. USDA’s national...
Barchart · Wed Jun 24, 5:16PM CDT
Cotton futures posted midweek losses of 187 to 247 points across the front months on Wednesday. Crude oil was down another $3.34/bbl to $69.87. The US...
Barchart · Wed Jun 24, 5:16PM CDT
Corn futures posted losses of 1 to 2 ¾ cents in the front months, with deferred contracts steady to ¾ cent higher. The CmdtyView national average Cash...
Barchart · Wed Jun 24, 5:16PM CDT
The wheat complex saw contracts fade lower on Wednesday. Chicago SRW contracts were steady to a penny lower at the close. KC HRW futures saw nearby July...
Barchart · Wed Jun 24, 5:16PM CDT
Live cattle futures were 52 cents to $1.32 higher on Wednesday. Cash trade saw some light $260 live and $408 dressed in the north on Wednesday. The Wednesday...
Barchart · Wed Jun 24, 5:16PM CDT
Soybeans faded lower into the Wednesday close, with contracts down 6 ¾ to 9 cents on the day. The cmdtyView national average Cash Bean price was down...