Gold May '10 (GCK10)
Gold Futures Market News and Commentary
The dollar index (DXY00) on Monday rose by +0.17% and is just below last Friday’s 13-month high. The dollar erased early losses on Monday and moved higher after the euro declined when ECB President Lagarde pushed back against any additional tightening of monetary policy by the ECB due to the US-Iran war. The dollar also has carryover support from last Wednesday, when the FOMC projected higher interest rates later this year. In addition, higher T-note yields on Monday have strengthened the dollar’s interest rate differentials and were supportive of the dollar.
The dollar initially moved lower on Monday on reduced safe-haven demand after Iran said there had been “major progress” in overnight discussions with the US over a peace deal. Also, Monday’s -2% fall in WTI crude oil prices is dovish for Fed policy and negative for the dollar.
Iran said there had been “major progress” in all-night discussions with the US over a peace deal following the interim agreement last week... Read more
Barchart · Mon Jun 22, 2:36PM CDT
The dollar index (DXY00 ) on Monday rose by +0.17% and is just below last Friday’s 13-month high. The dollar erased early losses on Monday and moved...
Barchart · Mon Jun 22, 12:00PM CDT
I'm not generally a big proponent of investing in gold. But here's how I would recommend playing the precious metal now.
Barchart · Mon Jun 22, 9:41AM CDT
The dollar index (DXY00 ) today is up by +0.12% and just below last Friday's 13-month high. The dollar erased early losses today and moved higher after...
Blue Line Futures · Mon Jun 22, 6:22AM CDT
Dive into today's market action with the Blue Line Futures Metals Minute! (Episode 686)
WealthUp · Sun Jun 21, 7:00PM CDT
If you want to buy the yellow metal without stashing a pile of it in your basement, these gold ETFs are the way to go.
Barchart · Fri Jun 19, 9:00AM CDT
Uranium and uranium mining stocks remain in a long-term bull market, but even the most aggressive bull markets rarely move in straight lines. A pullback...
Barchart · 30 minutes ago
The new partnership between energy giant Chevron and hyperscaler Microsoft highlights that the next phase of the artificial intelligence trade is plugging...
Barchart · 50 minutes ago
As Molson Coors Beverage has underperformed relative to the Dow over the past year, Wall Street analysts maintain a cautious outlook on the stock’s prospects....
Barchart · 1 hour ago
HEICO raised its semiannual dividend by 8% to $0.13 per share, marking another dividend increase and extending a payout streak that dates back to 1979....
Barchart · Mon Jun 22, 5:07PM CDT
Soybeans closed mixed on Monday, with most front months steady to down 7 cents. Deferred contracts were fractional to 1 ¼ cents in the green The cmdtyView...
Barchart · Mon Jun 22, 5:07PM CDT
The wheat complex were under pressure across the three markets to kick off the Monday session. Chicago SRW contracts were 6 to 8 1/4 cents in the red at...
Barchart · Mon Jun 22, 5:07PM CDT
Live cattle futures closed with Monday session with contracts 72 cents to $2.17 higher across the board, though most contracts were nearly $2 off the intraday...
Barchart · Mon Jun 22, 5:07PM CDT
Corn futures closed the Monday session with contracts down 2 ½ to 6 cents across the board. The CmdtyView national average Cash Corn price was down 5...
Barchart · Mon Jun 22, 5:07PM CDT
Lean hog futures were steady to 70 cents lower across the board on Monday. USDA’s national base hog price was reported at $97.77 on Monday afternoon,...