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Gold Jun '27 (GCM27)

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Gold Futures Market News and Commentary

Strength in Stocks and Lower Crude Prices Weigh on the Dollar

The dollar index (DXY00) fell by -0.03% on Tuesday.  The dollar was under pressure Tuesday as hopes for a deal to reopen the Strait of Hormuz have boosted stocks and knocked crude oil prices sharply lower.  The slide in crude oil prices lowers inflation expectations and could prompt the Fed to loosen monetary policy, a negative factor for the dollar.  Tuesday's weaker-than-expected US economic reports on June JOLTS job openings and June factory orders also weighed on the dollar.  

The US June trade deficit was -$73.3 billion, slightly larger than expectations of -$73.0 billion.

US June factory orders unexpectedly fell -0.3% m/m, weaker than expectations of +0.2% m/m.  Also, June factory orders ex-transportation unexpectedly fell -0.4% m/m versus expectations of +0.4% m/m and the biggest decline in 14 months.

US June JOLTS job openings fell -178,000 to 7.359 million, showing a weaker labor market than expectations of 7.454 million.

The markets are discounting... Read more

Puzzle of money by TPopova via iStock
Strength in Stocks and Lower Crude Prices Weigh on the Dollar

The dollar index (DXY00 ) fell by -0.03% on Tuesday. The dollar was under pressure Tuesday as hopes for a deal to reopen the Strait of Hormuz have boosted...

A one dollar bill floating in water by Wirestock via iStock
Dollar Pressured by Strength in Stocks and Lower Crude Prices

The dollar index (DXY00 ) is down by -0.06% today. The dollar is under pressure today as hopes for a deal to reopen the Strait of Hormuz have boosted...

Silver bars stacked by Walter Freudling via Pixabay
Copper Surges on US Tariff Watch | Could Silver Follow? | Key Levels | Metals Minute Phil Streible

Dive into today's market action with the Blue Line Futures Metals Minute! (Episode 715)

Trader looking at chart by Tima Miroshnichenko via Pexels
NovaRed Mining Identifies A Large Copper-Gold Target Beside Hudbay's Producing Copper Mountain Mine

NovaRed Mining (NREDF) says it has detected two large anomalies ten kilometers from a producing copper mine, and pitches the target as a matter of national...

A U_S_ banknote that is digitally warped by Ruslan Lytvyn via Shutterstock
Dollar Recovers on Strong ISM Manufacturing Index

The dollar index (DXY00 ) fell to a 7-week low on Monday and finished down by -0.02%. The dollar moved lower on Monday as easing geopolitical tensions...

The index of oil up by Pashalgnatov via istock
July’s Top Commodity Performers and Underperformers

Crude oil and oil products posted impressive gains in July as the on-again-off-again war in Iran continues to take center stage in the commodities asset...

Do Wall Street Analysts Like Intercontinental Exchange Stock?

While Intercontinental Exchange has significantly underperformed the broader market over the past year, analysts remain optimistic about its growth prospects....

Are Wall Street Analysts Predicting Moderna Stock Will Climb or Sink?

Despite Moderna's stellar outperformance over the past year, Wall Street analysts remain cautious about the stock's longer-term prospects.

Corning Stock Outlook: Is Wall Street Bullish or Bearish?

Following a standout year of market-beating returns, Corning continues to earn a moderately bullish endorsement from Wall Street analysts.

Do Wall Street Analysts Like Oracle Stock?

Oracle's disappointing stock performance over the past year has done little to dampen Wall Street's optimism, with analysts remaining firmly bullish on...

Blackstone Stock: Analyst Estimates & Ratings

Although Blackstone has lagged the broader market over the past year, analysts continue to maintain a cautiously bullish outlook on the stock.

Is Wall Street Bullish or Bearish on Airbnb Stock?

Airbnb is strengthening its investment case as resilient business momentum keeps Wall Street paying close attention.

Are Wall Street Analysts Bullish on Texas Instruments Stock?

Despite Texas Instruments trailing the semiconductor industry’s returns, it has outpaced the S&P 500 Index. That performance, coupled with its long-term...

Anterix Stock Has Nearly Quadrupled Over the Past Year and Could Still Go Higher

Anterix (ATEX) has surged 380% over the past year, recently hitting an all-time high of $113. ATEX maintains strong technical momentum with a 100% “Buy”...

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