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Gold Apr '26 (GCJ26)

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Gold Futures Market News and Commentary

Dollar Drops on US Job Weakness

The dollar index (DXY00) fell to a 2-week low on Thursday and finished down by -0.52%.  The dollar tumbled on Thursday after a weaker-than-expected US June payroll report, which dampened speculation that the Fed will tighten monetary policy anytime soon.  The dollar was also under pressure on Thursday after WTI crude fell to a 4.25-month low, which lowers inflation expectations and is dovish for Fed policy.  The dollar found some support after weekly jobless claims unexpectedly declined and after May factory orders fell less than expected.

US Jun nonfarm payrolls rose +57,000, weaker than expectations of +113,000, and May nonfarm payrolls were revised lower to +129,000 from the originally reported +172,000.  The Jun unemployment rate unexpectedly fell -0.1 to a 1-year low of 4.2%, showing a stronger labor market than expectations of no change at 4.3%. 

US Jan average hourly earnings rose +0.3% m/m and +3.5% y/y, right on expectations.

US weekly initial unemployment... Read more

Puzzle of money by TPopova via iStock
Dollar Drops on US Job Weakness

The dollar index (DXY00 ) fell to a 2-week low on Thursday and finished down by -0.52%. The dollar tumbled on Thursday after a weaker-than-expected US...

Shinny gold bullion by Million Photos via Shutterstock
Is the Current Consolidation in Gold Healthy?

Gold has been in a bearish trend since reaching its record high of $5,626.80 per ounce on January 29, 2026. While the short-term chart remains bearish,...

A one dollar bill floating in water by Wirestock via iStock
Dollar Tumbles on a Weak US Jobs Report

The dollar index (DXY00 ) fell to a 2-week low today and is down by -0.68%. The dollar tumbled today on the weaker-than-expected US Jun payroll report,...

Gold bullion stacked by Steve Bidmead via Pixabay
Gold & Silver Flat Ahead of Today's Payroll Data | The Number to Watch |Metals Minute Phil Streible

Dive into today's market action with the Blue Line Futures Metals Minute! (Episode 693)

The White House at sunset by idesignimages via iStock
Which Version of "Independence Day" Will the Markets Choose Thursday?

There is plenty for the markets to take in this last trading day of the week.

Pile of money by Atlantagreg via iStock
Dollar Rises With T-note Yields

The dollar index (DXY00 ) on Wednesday rose by +0.19%. The dollar moved higher on Wednesday as T-note yields rose after Fed Chair Warsh provided no guidance...

Tesla's Latest Deliveries Report Exceeded Expectations. TSLA Stock Is Falling Anyway.

Tesla stock sinks as profitability concerns outweigh the strong Q2 delivery report. Oppenheimer continues to recommend caution on TSLA shares.

Stock Indexes Settle Mixed as Chipmakers Retreat

The S&P 500 Index ($SPX ) (SPY ) on Thursday closed unchanged, the Dow Jones Industrial Average ($DOWI ) (DIA ) closed up +1.14%, and the Nasdaq 100 Index...

RIVN Stock Pops as Rivian Raises Delivery Outlook

Rivian stock rallies on better-than-expected Q2 deliveries and raised full-year outlook. Canaccord reiterated its bullish view on RIVN shares today.

MSFT Stock Alert: Microsoft Invests $2.5 Billion in AI Implementation Unit

Microsoft shares soar as the behemoth announces a $2.5 billion investment in a new initiative, Microsoft Frontier Co. But does that warrant buying MSFT...

HOOD Stock Alert: What to Know as Robinhood Rolls Out Public Blockhain

Robinhood shares rallied on the official mainnet launch of Robinhood Chain. Mizuho believes HOOD stock will rip higher from here as the year unfolds.

SanDisk Slumps 10% But BofA Stays Bullish. Here Is How to Play SanDisk Stock Here.

SanDisk stock dipped 10% on Wednesday, but Bank of America sees more upside on the AI storage stock.

Palantir Just Scored a New 'Buy' Rating. What Comes Next for PLTR Stock.

Palantir stock gains as D. A. Davidson upgrades it to “Buy.” Here’s why analyst Gil Luria recommends buying PLTR shares at current levels.

Micron Just Made a $250 Million Bet. Here’s What It Means for MU Stock.

Micron's $250 million Trump Accounts commitment is drawing attention, but AI memory demand remains the biggest driver of the stock's long-term outlook....

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