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Gold Jun '23 (GCM23)

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Gold Futures Market News and Commentary

Dollar Rallies on Signs of a Resilient US Economy

The dollar index (DXY00) on Thursday climbed to a 2-week high, finishing up by 0.29%.  The dollar garnered support from Thursday's as-expected US April retail sales report, signaling signs of a resilient US economy.  Also, signs of progress in US-China trade negotiations are supportive of the dollar after Reuters reported that the US and China are weighing a potential framework under which each country identifies about $30 billion in goods on which tariffs could be eased without threatening national security interests.  The dollar added to its gains on comments from Kansas City Fed President Jeff Schmid, who said the fundamentals of the US economy are sound.

US weekly initial unemployment claims rose +12,000 to 211,000, showing a slightly weaker labor market than expectations of 205,000. 

US Apr retail sales rose +0.5% m/m, right on expectations.  Also, Apr retail sales ex-autos rose +0.7% m/m, right on expectations.

The US Apr import price index ex-petroleum rose... Read more

Pile of money by Atlantagreg via iStock
Dollar Rallies on Signs of a Resilient US Economy

The dollar index (DXY00 ) on Thursday climbed to a 2-week high, finishing up by 0.29%. The dollar garnered support from Thursday's as-expected US April...

Puzzle of money by TPopova via iStock
Dollar Climbs on a Solid US Retail Sales Report

The dollar index (DXY00 ) today climbed to a 2-week high, up by +0.10%. The dollar garnered support from today's as-expected US April retail sales report....

Silver dollar floating by Matthew Heinrichs via Pixabay
Silver Fades from $90 | Healthy Pullback or Reversal? | ETFs Keep Buying Gold | Metals Minute Phil Streible

Dive into today's early market action with the Blue Line Futures Metals Minute! (Episode 659)

Pile of money with hands by Sergey Nazarov via iStock
Dollar Rallies on a Hot US PPI Report

The dollar index (DXY00 ) rallied to a 1.5-week high on Wednesday, finishing up by 0.22%. The dollar moved higher on Wednesday on the stronger-than-expected...

US dollar background by Iluhanos via iStock
Dollar Climbs as Inflation Fears Push Bond Yields Higher

The dollar index (DXY00 ) climbed to a 1.5-week high today and is up by +0.22%. The dollar is moving higher today on the stronger-than-expected US Apr...

Silver dollar floating by Matthew Heinrichs via Pixabay
Silver Smashes $88, Copper Hits New Highs | Is Gold Next? | PPI Day Ahead | Metals Minute Phil Streible

Dive into today's early market action with the Blue Line Futures Metals Minute! (Episode 658)

The Cerebras IPO Is a Clear Sign That the Stock Market Is ‘Wafer Thin’

As a career investor, I am not buying into the Cerebras IPO hype.

POET Stock Alert: The $500 Million Reason Poet Technologies Is on the Rise Today

POET stock soars on a $500 million deal with Lumilens. But investors are recommended treading the surge as an opportunity to trim exposure to POET shares....

This AI Stock Turned $10K Into $83K in a Year — And It Could Still Run Higher

Strong demand and supply constraints provide a solid foundation for this AI company to deliver robust earnings growth in the coming quarters.

This Hot Weight-Loss Drug Stock May Have a Surprise Challenger

The race to dominate the weight-loss drug market is heating up, and investors should start watching this one smaller player closely.

Dollar Rallies on Signs of a Resilient US Economy

The dollar index (DXY00 ) on Thursday climbed to a 2-week high, finishing up by 0.29%. The dollar garnered support from Thursday's as-expected US April...

Crude Oil Prices Supported by Closure of Hormuz

June WTI crude oil (CLM26 ) on Thursday closed up +0.15 (+0.15%), and June RBOB gasoline (RBM26 ) closed down -0.0130 (-0.36%). Crude oil and gasoline...

Nat-Gas Prices Rebound on Smaller-Than-Expected Inventory Increase

June Nymex natural gas (NGM26 ) on Thursday closed up +0.030 (+1.05%). Nat-gas prices recovered from early losses on Thursday and settled higher on a smaller-than-expected...

NVDA Stock Jumps on Reports of Nvidia H200 Chip Sales to China

Nvidia stock is rallying on reports that the U.S. has approved H200 sales to 10 major Chinese customers. Recent filings also confirm that President Trump...

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