Gold Jun '20 (GCM20)
Gold Futures Market News and Commentary
The dollar index (DXY00) today is up by +0.15%.  The dollar is climbing today on increased safe-haven demand after the US-Iran peace talks broke down over the weekend, threatening to escalate hostilities in the Middle East. The dollar fell back from its best level today after US Mar existing home sales fell more than expected to a 9-month low.
President Trump ordered a blockade of the Strait of Hormuz following the deadlocked peace talks over the weekend between the US and Iran. President Trump said the US will begin a full naval blockade of the Strait of Hormuz today and threatened to retaliate in the event of Iranian resistance. Iran said it would target all ports in and close to the Persian Gulf if its own shipping hubs are threatened.Â
US Mar existing home sales fell -3.6% m/m to a 9-month low of 3.98 million, weaker than expectations of 4.05 million.
Swaps markets are discounting the odds at 2% for a +25 bp rate hike at the April 28-29 FOMC meeting.
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Barchart Mon Apr 13, 9:35AM CDT
The dollar index (DXY00 ) today is up by +0.15%. The dollar is climbing today on increased safe-haven demand after the US-Iran peace talks broke down...
Blue Line Futures Mon Apr 13, 7:48AM CDT
Gold and silver move lower as markets react to the start of a U.S. blockade, with Phil Streible breaking down the metals setup and key levels in focus...
ONE44 Analytics Sun Apr 12, 2:59PM CDT
Educational and Actionable information using Fibonacci and W.D. Gann analysis.
Blue Line Futures Fri Apr 10, 3:44PM CDT
Most investors watching silver right now are focused on geopolitical tensions, safe-haven demand, and the green energy transition. But a potential development...
Barchart Fri Apr 10, 2:32PM CDT
The dollar index (DXY00 ) on Friday fell by -0.15%. Friday’s reports that showed a smaller-than-expected increase in US March consumer prices and a plunge...
Barchart Fri Apr 10, 9:33AM CDT
The dollar index (DXY00 ) today is down by -0.26%. Today's report showing a smaller-than-expected increase in US March consumer prices is weighing on...
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