Gold Jun '16 (GCM16)
Gold Futures Market News and Commentary
The dollar index (DXY00) fell to a 7-week low on Monday and finished down by -0.02%. The dollar moved lower on Monday as easing geopolitical tensions in the Middle East boosted stocks and reduced safe-haven demand for the dollar. Also, Monday's -5% fall in WTI crude oil prices lowered inflation expectations and could prompt the Fed to loosen monetary policy, a negative factor for the dollar.
The dollar recovered nearly all of its losses on Monday on signs of US economic strength after the July ISM manufacturing index rose more than expected to a 4-year high.
Dovish comments on Monday from New York Fed President John Williams were negative for the dollar, as he said interest rates remain well positioned and inflation should ease during the second half of the year.
The US July ISM manufacturing index rose +2.3 to 55.6, stronger than expectations of 53.9 and the fastest pace of expansion in four years.
US June construction spending unexpectedly fell -0.1% m/... Read more
Ivan Patriki · Mon Aug 3, 4:32PM CDT
NovaRed Mining (NREDF) says it has detected two large anomalies ten kilometers from a producing copper mine, and pitches the target as a matter of national...
Barchart · Mon Aug 3, 2:38PM CDT
The dollar index (DXY00 ) fell to a 7-week low on Monday and finished down by -0.02%. The dollar moved lower on Monday as easing geopolitical tensions...
Barchart · Mon Aug 3, 10:42AM CDT
Crude oil and oil products posted impressive gains in July as the on-again-off-again war in Iran continues to take center stage in the commodities asset...
Barchart · Mon Aug 3, 9:33AM CDT
The dollar index (DXY00 ) fell to a 7-week low today and is down by -0.10%. Easing geopolitical tensions in the Middle East are boosting stocks and reducing...
Barchart · Mon Aug 3, 7:16AM CDT
It was another Monday morning of more of the same, with a little spice added in, just to change things up a bit.
Blue Line Futures · Mon Aug 3, 6:12AM CDT
Dive into today's market action with the Blue Line Futures Metals Minute! (Episode 714)
Barchart · 1 hour ago
GE Vernova’s shares have outperformed the broader market and sector peers, and analysts are bullish on the stock’s growth potential.
Barchart · Mon Aug 3, 6:30PM CDT
As Tesla's automotive momentum slows, General Motors and Ford are emerging as serious EV contenders. But one is clearly ahead.
Barchart · Mon Aug 3, 4:59PM CDT
Corn futures were busy shrugging off the overnight losses, with contracts closing 6 to 8 ½ cents higher across most months. The CmdtyView national average...
Barchart · Mon Aug 3, 4:59PM CDT
Live cattle futures were 7 to 72 cents lower across most contracts on Monday, fading early gains. Cash trade was at $232-233 last week, with a few at $235....
Barchart · Mon Aug 3, 4:59PM CDT
Cotton futures posted 36 to 85 point gains across the board on Monday. Crude oil was back down $4.61 per barrel, with the US dollar index back up $0.61....
Barchart · Mon Aug 3, 4:59PM CDT
The wheat complex was higher at the final bell on Monday. Chicago SRW contracts were 10 to 12 1/4 cents higher at the close. KC HRW futures were 9 3/4...
Barchart · Mon Aug 3, 4:59PM CDT
Lean hog futures saw mixed action on Monday with nearby contracts down $1.32 to $1.12 higher in the deferreds. USDA’s national base hog price was reported...
Barchart · Mon Aug 3, 4:59PM CDT
Soybeans were busy firming into the close, as contracts settled 3 to 7 ½ cents higher, with nearby August down 3 ¼ cents. The cmdtyView national average...