Gold Jun '24 (GCM24)
Gold Futures Market News and Commentary
The dollar index (DXY00) fell by -0.28% on Monday. The dollar settled lower on Monday, consolidating below last Friday’s 2-week high. Comments from US Treasury Secretary Bessent weighed on the dollar Monday when he said the Fed traditionally doesn’t raise interest rates in response to a supply shock, suggesting a possible conflict with Fed Chair Warsh. Monday’s rally in the Chinese yuan to a 3.5-year high also undercut the dollar.
However, losses in the dollar were limited on Monday as WTI crude oil rallied more than +2% to a 1-week high, which raised inflation expectations and could potentially persuade the Fed to raise interest rates, a supportive factor for the dollar. Also, weaker stocks on Monday boosted some liquidity demand for the dollar, and higher T-note yields have strengthened the dollar’s interest rate differentials. Finally, the dollar has some carryover support from last Friday, when Fed Chair Warsh warned inflation isn’t meaningfully slowing and vowed that... Read more
Ivan Patriki · Mon Aug 31, 8:00PM CDT
No hole yet. NRED has not drilled Wilmac. A first hole needs a permit and financing. That being said, there's copper at surface, and targets to the west....
Klarenbach Research · Mon Aug 31, 5:03PM CDT
Gold continuous daily charts signal a potential technical trend breakdown following two consecutive daily closes below the 200-day moving average.
Barchart · Mon Aug 31, 2:32PM CDT
The dollar index (DXY00 ) fell by -0.28% on Monday. The dollar settled lower on Monday, consolidating below last Friday’s 2-week high. Comments from...
Barchart · Mon Aug 31, 9:31AM CDT
The dollar index (DXY00 ) is down by -0.16% today. The dollar is modestly lower today, consolidating below last Friday’s 2-week high. Today’s rally...
Blue Line Futures · Mon Aug 31, 6:24AM CDT
Dive into today's market action with the Blue Line Futures Metals Minute! (Episode 735)
Barchart · Mon Aug 31, 6:10AM CDT
A look at the headlines Monday morning gives us more fighting in the Middle East, threats in Europe, and continuing debate over Chairman Warsh's comments....
Barchart · 14 minutes ago
Lagging behind the Dow over the past 12 months, Honeywell International continues to receive a moderately bullish outlook from Wall Street analysts.
Barchart · 26 minutes ago
Eaton Corporation has underperformed the Nasdaq Composite over the past year, yet analysts remain highly bullish about the stock’s outlook.
Barchart · 1 hour ago
Despite Texas Instruments' outperformance relative to its industry peers over the past year, Wall Street analysts maintain a cautiously optimistic outlook...
Barchart · Tue Sep 1, 12:53AM CDT
While Comcast has lagged behind its communication peers over the past year, analysts remain cautiously bullish about the stock’s prospects.
Barchart · Tue Sep 1, 12:45AM CDT
As Morgan Stanley has outperformed the Dow Jones Industrial Average over the past year, analysts remain fairly upbeat about the stock’s prospects.
Barchart · Tue Sep 1, 12:40AM CDT
Philip Morris has surpassed the broader consumer staples sector over the past year, and analysts remain moderately optimistic about the stock’s prospects....
Barchart · Tue Sep 1, 12:30AM CDT
International Business Machines has trailed the broader S&P 500 Index over the past year and analysts are reasonably upbeat on its future outlook.
Barchart · Mon Aug 31, 9:40PM CDT
Despite Abbott Laboratories' underperformance relative to the healthcare sector over the past year, Wall Street analysts remain strongly optimistic about...