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Gold Jun '24 (GCM24)

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Gold Futures Market News and Commentary

Dollar Rises on Hawkish Rally in Oil Prices

The dollar index (DXY00) is up +0.42% on safe-haven demand after Iran said it halted ceasefire talks with the US, which could prompt a new large-scale US military attack on Iran.  That report prompted a rally of more than +7% in crude oil prices, which in turn prompted a +7 bp rise in the 10-year T-note yield and supported the dollar’s interest rate differentials. 

The dollar is also seeing support after the May US manufacturing PMI rose +1.3 points to 54.0, stronger than expectations for a +0.3 point rise to 53.0.  However, S&P’s final-May manufacturing PMI was revised -0.2 points lower to 55.1 from the preliminary report of 55.3, versus expectations for an unrevised report.  On a positive inflation note, the May ISM prices-paid index fell by -2.5 points to 82.1 from 84.6, weaker than expectations for a +0.4 point rise to 85.0. 

The swaps markets are discounting the odds at 5% for a +25 bp rate cut hike at the next FOMC meeting on June 16-17.

EUR/USD (^EURUSD) is... Read more

Image by allstars via Shutterstock
May’s Top Performers and Underperformers

A stronger dollar, weaker bonds, and uncertainty on the economic and geopolitical landscapes weighed on many commodities in May 2026. Many commodities...

US dollar background by Iluhanos via iStock
Dollar Rises on Hawkish Rally in Oil Prices

The dollar index (DXY00 ) is up +0.42% on safe-haven demand after Iran said it halted ceasefire talks with the US, which could prompt a new large-scale...

Copper rods scrap metal by Alexa via Pixabay
Copper Breakout Holds the Line as Buyers Defend Key Acceptance Area

HG copper has staged a meaningful technical recovery from its March lows, breaking above the key 6.15 level in mid-May after months of range-bound price...

Silver dollar floating by Matthew Heinrichs via Pixabay
Copper & Silver Pop while Gold Drops! Here are the Drivers & The Week Ahead | Metals Minute Phil Streible

Dive into today's early market action with the Blue Line Futures Metals Minute! (Episode 671)

Gold bars in a row by andriano_cz via iStock
Gold’s Bounce Failed Where It Should Have

And we've seen what this means before.

A man looking at a warped stock market chart by AciiiDsgn via Shutterstock
Gold, SP 500 Futures & High Flying Stocks

Educational and Actionable information using Fibonacci and W.D. Gann analysis.

A Couple Thought They Were Stuck With a $70,000 Medical Bill. Then They Found a Little-Known Tool Hidden Deep in Their Health Plan Documents.

Health insurers rarely advertise the “external review,” an independent appeal that can overturn a denial and force them to pay. Here’s how one couple...

Sugar Prices Continue Higher on Fears of a Weak Monsoon in India

July NY world sugar #11 (SBN26 ) on Monday closed up +0.39 (+2.77%), and Aug London ICE white sugar #5 (SWQ26 ) closed up +11.80 (+2.69%). Monday’s gains...

Cocoa Prices Slump on Abundant Supplies

July ICE NY cocoa (CCN26 ) on Monday fell by -28 (-0.71%), and July ICE London cocoa #7 (CAN26 ) fell by -11 (-0.37%). Monday's sell-off added to last...

Coffee Prices Fall as Brazil’s Coffee Harvest Expected to Resume

July arabica coffee (KCN26 ) on Monday closed down -5.00 (-1.88%), and July ICE robusta coffee (RMN26 ) closed down -38 (-1.09%). Coffee prices on Monday...

Dear Microsoft Stock Fans, Mark Your Calendars for June 2

Microsoft will kick off its highly anticipated Microsoft Build 2026 event on June 2 and 3.

Nucor Is Fighting the Tariff Tide as NUE Stock Surges 130%

Nucor (NUE) is leading U.S. steel producer benefiting from strong technical momentum and favorable tariff dynamics. NUE has surged 128% over the past year,...

Vertex Pharmaceuticals Stock: Is VRTX Underperforming the Healthcare Sector?

Despite Vertex Pharmaceuticals' underperformance relative to the healthcare sector over the past year, Wall Street analysts remain strongly optimistic...

Dell Stock Is No Longer Just Riding the AI Wave. It Is Leading the Charge.

A major five-year $9.7 billion Pentagon contract under the Microsoft Department of Defense Enterprise Software Agreement II provides Microsoft 365 and...

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