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Gold Jun '12 (GCM12)

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Gold Futures Market News and Commentary

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, which dampened speculation that the Fed will tighten monetary policy anytime soon. The dollar is also under pressure amid weakness in crude oil prices, as WTI crude fell to a 4.25-month low today, 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 unemploy... Read more

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...

British Pound, European Euro, American Dollar and Japanese Yen Currency by Virrage Images via Shutterstock
Dollar Supported by Euro and Yen Weakness

The dollar index (DXY00 ) today is up by +0.13%. The dollar is moving higher today amid weakness in the euro after the Eurozone June CPI report showed...

Bull vs bear fork in the road by Lightspring via Shutterstock
June’s Top Commodity Performers and Underperformers

Commodity prices declined in June as the dollar index rallied and interest rates remained elevated. Precious metals and energy commodities posted the most...

What to Expect From Digital Realty Trust's Next Quarterly Earnings Report

Digital Realty Trust is set to report its second-quarter results this month, and analysts expect a single-digit earnings rise.

Stock Indexes Turn Mixed as Chipmakers Sink

The S&P 500 Index ($SPX ) (SPY ) is up +0.10% today, the Dow Jones Industrial Average ($DOWI ) (DIA ) is up +0.85%, and the Nasdaq 100 Index ($IUXX ) (QQQ...

This Global Utility Stock Looks Very Cheap Right Now as It Invests Nearly $2 Billion in the U.S. Energy Buildout

National Grid is investing $1.75 billion in a U.S. power grid company.

UBS Just Raised Its Price Target on Bloom Energy Stock. Here's Why.

Bloom Energy stock rallies as UBS raises price target to $350. Here’s why the investment firm is bullish on BE shares.

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,...

Dear XPeng Stock Fans, Mark Your Calendars for July 2

The EV maker will launch the MONA L03 in China today.

Why Wall Street’s Wrong for Loving Protagonist Therapeutics Stock

Protagonist Therapeutics (PTGX) exhibits strong technical momentum, posting a 150% gain over the past 52 weeks. PTGX holds a 100% “Buy” technical opinion...

Stocks Climb as Fed Rate Hike Fears Ease on a Weak Jobs Report

The S&P 500 Index ($SPX ) (SPY ) today is up +0.67%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is up +0.85%, and the Nasdaq 100 Index ($IUXX ) (QQQ...

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