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Gold Jun '26 (GCM26)

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Gold Futures Market News and Commentary

Dollar Slips on Weak US Housing News and Lower Crude Prices

The dollar index (DXY00) on Tuesday fell by -0.12%.  Tuesday’s weaker-than-expected US May housing starts and building permits reports undercut the dollar.  Also, Tuesday’s -5% fall in WTI crude oil to a 3.5-month low was bearish for the dollar, as it lowers inflation expectations and could prompt the Fed to pursue easier monetary policy.  The dollar has some negative carryover from Monday when the US and Iran announced a deal to end the war, which curbed safe-haven demand for the dollar.

The dollar’s focus will turn to the 2-day FOMC meeting that began on Tuesday and will be the first under the leadership of new Fed Chair Kevin Warsh.  While the Fed is expected to keep interest rates unchanged, the spotlight will be on how Mr. Warsh navigates the post-meeting press conference and the outlook for inflation.

US May housing starts fell -15.4% m/m to a 6-year low of 1.177 million, weaker than expectations of 1.430 million.  May building permits, a proxy for future construct... Read more

Silver bullion by SonerCdem via iStock
Warsh Takes the Mic Today | Gold Eyes $4,400 | Silver Anchored at $70 | Metals Minute Phil Streible

Dive into today's market action with the Blue Line Futures Metals Minute! (Episode 684)

A hundred dollar bill being torn by Alona Siniehina via iStock
Dollar Slips on Weak US Housing News and Lower Crude Prices

The dollar index (DXY00 ) on Tuesday fell by -0.12%. Tuesday’s weaker-than-expected US May housing starts and building permits reports undercut the...

Gold bullion stacked by Steve Bidmead via Pixabay
Geopolitics Moved Gold For A Day. Technicals Moved It For A Quarter.

Plus War's Summary and it's surprising impact on gold.

Opened wallet with US dollars on table by olyasolod via Adobe Stock
Dollar Little Changed on Weak US Housing News

The dollar index (DXY00 ) is little changed today. Weaker-than-expected reports today on US May housing starts and building permits are undercutting the...

Silver bars stacked by Walter Freudling via Pixabay
Gold & Silver Rise Overnight | Is a 20% Rally Next? | Copper Slips on China Data | Metals Minute Phil Streible

Dive into today's market action with the Blue Line Futures Metals Minute! (Episode 683

Platinum bars by Shawn Hempel via Shutterstock
Why Platinum Is a Highly Asymmetric Long-Term Bet Right Now

Platinum quotes are diving amid a broader liquidation, but the physical reality tells a different story. Global primary production has shrunk while new...

Is Cboe Global Markets Stock Underperforming the S&P 500?

As Cboe Global Markets has struggled to keep pace with the broader S&P 500 Index over the past year, analysts are cautious about its future growth prospects....

Is Darden Restaurants Stock Underperforming the Dow?

While Darden Restaurants has underperformed the Dow Jones Industrial Average over the past year, analysts remain moderately bullish on its long-term outlook....

Is Apollo Global Management Stock Underperforming the Nasdaq?

While Apollo Global Management stock has trailed the broader Nasdaq Composite over the past year, Wall Street maintains a fairly bullish stance on the...

Fifth Third Stock Could Get a Meaningful Boost From Its Alliance With Anthropic

The Anthropic news is promising, while Fifth Third's acquisition of Comerica is positive and the valuation of FITB stock appears low.

Waters Corporation Stock: Is WAT Underperforming the Health Care Sector?

Waters Corporation has lagged behind the broader health care sector over the past year, but analysts remain fairly bullish about its future prospects.

How Is Omnicom’s Stock Performance Compared to Other Communications Stocks?

While Omnicom has underperformed its industry peers over the past year, Wall Street analysts remain moderately optimistic about its prospects.

Hogs Look to Wednesday Trade

Lean hog futures were down 30 cents to $1.77 in the nearbys, with some deferred contracts December and beyond, up a tick to 30 cents. Front months were...

Wheat Posting Strength Early on Wednesday

Wheat is showing double digit gains in the winter wheat contracts so far on Wednesday morning. The wheat complex posted mixed trade on Tuesday, as the...

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