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Gold Jun '18 (GCM18)

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Gold Futures Market News and Commentary

Dollar Advances as Stocks Slip and Crude Prices Surge

The dollar index (DXY00) on Tuesday rose by +0.15%.  Tuesday's stock slump boosted liquidity demand for the dollar. Also, higher crude oil prices on Tuesday increased inflation expectations, a hawkish factor for Fed policy, and a positive factor for the dollar.  The dollar maintained its gains after the Conference Board US Apr consumer confidence index unexpectedly rose to a 4-month high.

Heightened US-Iran tensions are boosting demand for the dollar as a safe-haven.  The US and Iran are locked in a battle for control of the Strait of Hormuz, with both sides blocking the waterway to gain leverage during an extended ceasefire. 

The US Feb S&P composite-20 home price index rose +0.90% y/y, weaker than expectations of +1.12% y/y and the smallest pace of increase in more than 2.5 years.

The Conference Board US Apr consumer confidence index unexpectedly rose by +0.6 to a 4-month high of 92.8, stronger than expectations of a decline to 89.0.

The US Apr Richmond Fed... Read more

A U_S_ banknote that is digitally warped by Ruslan Lytvyn via Shutterstock
Dollar Advances as Stocks Slip and Crude Prices Surge

The dollar index (DXY00 ) on Tuesday rose by +0.15%. Tuesday's stock slump boosted liquidity demand for the dollar. Also, higher crude oil prices on Tuesday...

Gold bullion stacked by Steve Bidmead via Pixabay
Everyone Agrees It's a Crisis. Gold Still Declines.

And that's just the beginning.

Pulling money out of wallet by Izf via iStock
Dollar Gains on Weak Stocks and Soaring Crude Prices

The dollar index (DXY00 ) today is up by +0.23%. Today's stock slump is boosting liquidity demand for the dollar. Also, higher crude oil prices today...

Puzzle made of money by Qimono via Pixabay
Dollar Slips on Hopes for US-Iran Peace Talks to Resume

The dollar index (DXY00 ) on Monday fell by -0.05%. The dollar fell from a 2.5-week high on Monday and finished lower after Axios reported that Iran has...

Money transfer Global Currency by Panuwatccn via Shutterstock
Dollar Weakens and Gold Falls on New Iran Proposal to End War

The dollar index (DXY00 ) today is down by -0.19%. The dollar fell from a 2.5-week high today and turned lower after Axios reported that Iran has offered...

A one dollar bill floating in water by Wirestock via iStock
Dollar Drops on Hopes for US-Iran Diplomacy

The dollar index (DXY00 ) on Friday fell by -0.24%. The dollar gave up an early advance and turned lower on Friday as stocks rallied on optimism that...

ANET Earnings Play: Using Puts to Get Paid While You Wait

Selling put options before a company's earnings announcement can be a valid strategy for options traders seeking to capitalize on higher than normal volatility....

Stock Index Futures Gain on Tech Boost Ahead of Fed Decision and Big Tech Earnings

June S&P 500 E-Mini futures (ESM26) are up +0.14%, and June Nasdaq 100 E-Mini futures (NQM26) are up +0.27% this morning, buoyed by gains in technology...

Are Wall Street Analysts Bullish on PG&E Corporation Stock?

PG&E Corporation has lagged the broader market over the past year, yet analysts remain strongly bullish on its future prospects.

Is Wall Street Bullish or Bearish on NextEra Energy Stock?

NextEra Energy has outperformed the broader market over the past year, and analysts are maintaining a moderately positive outlook on its future prospects....

What Are Wall Street Analysts' Target Price for Verizon Stock?

While Verizon has underperformed the broader market over the past year, analysts are fairly upbeat about its future potential.

Expedia Group Stock: Analyst Estimates & Ratings

Despite Expedia Group outperforming the broader market over the past year, analysts on Wall Street remain cautiously optimistic about its forward outlook....

RTX Corporation Stock: Is Wall Street Bullish or Bearish?

Despite its strong market returns over the past year, RTX Corporation is drawing a cautiously constructive stance from Wall Street.

Are Wall Street Analysts Predicting Kinder Morgan Stock Will Climb or Sink?

While Kinder Morgan has lagged behind the broader market over the past year, Wall Street analysts remain moderately optimistic about the stock’s prospects....

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