Gold May '26 (GCK26)
Gold Futures Market News and Commentary
The dollar index (DXY00) is down by -0.11% today.  The dollar is moving lower today as strength in stocks has reduced liquidity demand for the currency. The dollar dropped to its low after US Jun existing home sales unexpectedly declined.Â
Losses in the dollar are limited after US weekly jobless claims unexpectedly fell to a 6-week low, a sign of labor market strength. Also, the escalation of hostilities between the US and Iran has boosted demand for the dollar as a safe haven.Â
The US military struck Iran for a second day today, hitting about 90 Iranian targets to degrade the country's ability to attack commercial shipping in the Strait of Hormuz. Iran responded by targeting US bases in Bahrain, Kuwait, and Qatar with drones and missiles.
US weekly initial unemployment claims unexpectedly fell -2,000 to a 6-week low of 215,000, showing a stronger labor market than expectations of a +2,000 increase to 217,000.
US Jun existing home sales unexpectedly fell -... Read more
Barchart · Thu Jul 9, 9:34AM CDT
The dollar index (DXY00 ) is down by -0.11% today. The dollar is moving lower today as strength in stocks has reduced liquidity demand for the currency....
Blue Line Futures · Thu Jul 9, 6:16AM CDT
Dive into today's market action with the Blue Line Futures Metals Minute! (Episode 697)
Wavetraders · Thu Jul 9, 3:34AM CDT
Gold came down perfectly and stopped at the 4027 level, which was the swing support from last Wednesday. Notice that what we are seeing now is only a corrective...
Barchart · Wed Jul 8, 2:33PM CDT
The dollar index (DXY00 ) fell by -0.05% on Wednesday. The dollar gave up an early advance on Wednesday and posted modest losses as stocks recovered from...
Barchart · Wed Jul 8, 9:37AM CDT
The dollar index (DXY00 ) is up by +0.09% today. The dollar is supported by today’s equity market slump, which has boosted liquidity demand for the...
Blue Line Futures · Wed Jul 8, 6:20AM CDT
Dive into today's market action with the Blue Line Futures Metals Minute! (Episode 696)
Barchart · 15 minutes ago
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