Gold Jun '25 (GCM25)
Gold Futures Market News and Commentary
The dollar index (DXY00) today is up +0.02%. The dollar found some support today after the May MNI Chicago PMI rose more than expected at its strongest pace in 4.25 years. On the negative side for the dollar is the improving prospects for a US-Iran peace deal, which has fueled a stock rally, reducing liquidity demand for the dollar. Also, today's -1% fall in WTI crude oil to a 5-week low lowers inflation expectations and could prompt the Fed to ease monetary policy, a bearish factor for the dollar.Â
The US May MNI Chicago PMI rose +13.5 to 62.7, stronger than expectations of 50.3 and the strongest pace of expansion in 4.25 years.
San Francisco Fed President Mary Daly said Fed interest rate policy is in a good place and that she's "cautiously optimistic" about the US economy, noting that "there's no urgency to make an adjustment" to interest rates.
Kansas City Fed President Jeff Schmid said, "With inflation running above the Fed's 2% definition of price stability... Read more
Barchart · Fri May 29, 9:37AM CDT
The dollar index (DXY00 ) today is up +0.02%. The dollar found some support today after the May MNI Chicago PMI rose more than expected at its strongest...
Blue Line Futures · Fri May 29, 6:30AM CDT
Dive into today's early market action with the Blue Line Futures Metals Minute! (Episode 670)
Barchart · Thu May 28, 2:33PM CDT
The dollar index (DXY00 ) on Thursday fell from a 7-week high and finished down -0.18%. The dollar gave up early gains and turned lower today on weaker-than-expected...
Barchart · Thu May 28, 9:35AM CDT
The dollar index (DXY00 ) today fell from a 7-week high and is down -0.13%. The dollar gave up an early advance and turned lower today on weaker-than-expected...
Blue Line Futures · Thu May 28, 6:31AM CDT
Dive into today's early market action with the Blue Line Futures Metals Minute! (Episode 669)
Barchart · Wed May 27, 2:34PM CDT
The dollar index (DXY00 ) on Wednesday rose by +0.03%. The dollar recovered from early losses on Wednesday and posted modest gains on conflicting signals...
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Gaining almost 26% after its blockbuster Q1 results, how much further will Dycom Industries run?
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Barchart · 28 minutes ago
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Teladoc stock rallies on an extended partnership with Walmart. But TDOC shares remain unattractive to own at current levels.
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Barchart · 49 minutes ago
Despite Thermo Fisher Scientific's underperformance relative to the SPX over the past year, Wall Street analysts maintain a bullish outlook on the stock’s...
