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Gold Jun '18 (GCM18)

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Gold Futures Market News and Commentary

Dollar Drops on US Job Weakness

The dollar index (DXY00) fell to a 2-week low on Thursday and finished down by -0.52%.  The dollar tumbled on Thursday after a weaker-than-expected US June payroll report, which dampened speculation that the Fed will tighten monetary policy anytime soon.  The dollar was also under pressure on Thursday after WTI crude fell to a 4.25-month low, 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 unemployment... Read more

Silver bullion by SonerCdem via iStock
Will Silver’s Price Action be a Bucking Bronco?

Silver’s price remains above the 1980 high, a long-term technical resistance level that has become critical support. At around $62 per ounce, silver...

Copper pipes by Dijana via Pixabay
Dr. Copper Is About to Make a Diagnosis. Here’s How to Keep Your Portfolio Healthy.

When copper is rising, the global economic engine is typically expanding. When it rolls over, a broader economic slowdown is usually right around the corner. Let's...

Puzzle of money by TPopova via iStock
Dollar Drops on US Job Weakness

The dollar index (DXY00 ) fell to a 2-week low on Thursday and finished down by -0.52%. The dollar tumbled on Thursday after a weaker-than-expected US...

Shinny gold bullion by Million Photos via Shutterstock
Is the Current Consolidation in Gold Healthy?

Gold has been in a bearish trend since reaching its record high of $5,626.80 per ounce on January 29, 2026. While the short-term chart remains bearish,...

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)

AeroVironment Posted Solid Earnings and the Stock Reacted Sharply Higher. If You Can Tolerate Risk, Buy Here.

AeroVironment shares jumped 18.76% after posting strong fiscal Q1 2026 results with revenue of $641.6 million and an adjusted EPS beat.

AMD Beats NVDA in 1H26 Returns. Here’s What's Next for 2H26.

While demand tailwinds indicate strong growth ahead, AMD stock is not cheap. Following its sharp run-up, AMD now trades at 87.9 times forward earnings....

Quantinuum Stock Has Tremendous Potential, but It Isn’t Cheap

Quantinuum is well-positioned to soar in the long term, but it could sink in the medium term.

Volatility in Tech Stocks Just Hit a 23-Year Extreme. Why That May Mean the Bull Market Clock Is Ticking.

Let me say the quiet part out loud: The Nasdaq-100’s (QQQ) intraday volatility should have every trader and investor on high alert.

Billionaire Mark Cuban Says He Got Rich And Drunkenly Bought A $125K American Airlines Lifetime Pass —‘I Called Them Up And Just Slurred My Words’

Mark Cuban revealed he drunkenly bought a $125,000 lifetime American Airlines pass after selling MicroSolutions, saying the purchase wasn’t about luxury—it...

A $50 Million Reason to Buy AVEX Stock Here

Aevex just secured a major $50 million U.S. Air Force contract, putting the newly public defense company firmly on investors’ radar.

Kyndryl and Microsoft Team Up on Cloud Sovereignty. Don’t Count on This Being a Game-Changer for KD Stock.

Kyndryl Holdings expanded its Sovereignty Solutioning partnership with Microsoft to deliver compliant, data-residency-focused cloud and AI workloads across...

Dear Kroger Stock Fans, Get Ready for the Biggest Grocery Bet Since Albertsons

Kroger has agreed to acquire grocery chain Giant Eagle for $1.65 billion.

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