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Gold Jun '28 (GCM28)

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Gold Futures Market News and Commentary

Dollar Slips on Weak US Economic News

The dollar index (DXY00) is down by -0.24% today and just above Wednesday's 4-week low.  Weaker-than-expected US economic news today is weighing on the dollar.  Q4 GDP was unexpectedly revised lower, Feb personal income and spending rose less than expected, and weekly jobless claims rose more than expected to an 8-week high. 

Losses in the dollar are limited as doubts about the sustainability of the US-Iran ceasefire weigh on stocks and boost liquidity demand for the dollar.  Also, today's +4% jump in WTI crude oil prices raises inflation expectations, hawkish for Fed policy, and supportive of the dollar.

US weekly initial unemployment claims rose by +16,000 to an 8-week high of 219,000, showing a weaker labor market than expectations of 210,000.

US Feb personal spending rose +0.5% m/m, weaker than expectations of +0.6% m/m.  Feb personal income unexpectedly fell -0.1% m/m, weaker than expectations of +0.3% m/m and the first decline in nine months.

The US Feb... Read more

Money transfer Global Currency by Panuwatccn via Shutterstock
Dollar Slips on Weak US Economic News

The dollar index (DXY00 ) is down by -0.24% today and just above Wednesday's 4-week low. Weaker-than-expected US economic news today is weighing on the...

DXY00 : 98.698 (-0.44%)
GCM26 : 4,815.6 (+0.80%)
SIK26 : 76.365 (+1.30%)
^USDJPY : 158.708 (+0.09%)
^EURUSD : 1.17113 (+0.42%)
2 pumpjacks at sunset by vadimrysev via iStock
Oil Surges w/ Gold & Silver Steady! Here is the Oil Contract to Watch

Oil moves higher while gold and silver hold steady, with Phil Streible breaking down the key oil contract in focus and the broader market setup on Metals...

Dollar bills in an organized pile by TheDigitalArtist via Pixabay
Dollar Falls and Gold Rallies on US-Iran Ceasefire

The dollar index (DXY00 ) on Wednesday fell by -0.71% and posted a 4-week low. The dollar plummeted on Wednesday after the US and Iran agreed to a ceasefire,...

DXY00 : 98.698 (-0.44%)
GCM26 : 4,815.6 (+0.80%)
SIK26 : 76.365 (+1.30%)
^USDJPY : 158.708 (+0.09%)
^EURUSD : 1.17113 (+0.42%)
A hundred dollar bill being torn by Alona Siniehina via iStock
Dollar Tumbles and Gold Surges on US-Iran Ceasefire

The dollar index (DXY00 ) is sharply lower today by 1.13% at a 4-week low. The dollar is plummeting today after the US and Iran agreed to a ceasefire,...

DXY00 : 98.698 (-0.44%)
GCM26 : 4,815.6 (+0.80%)
SIK26 : 76.365 (+1.30%)
^USDJPY : 158.708 (+0.09%)
^EURUSD : 1.17113 (+0.42%)
Gold bar graph by Lemonsoup14 via Shutterstock
Gold & Silver Surge Overnight! Where Do We Go From Here? Key Levels

Gold and silver move higher overnight as markets assess the next direction, with Phil Streible breaking down the metals setup and key levels in focus on...

British Pound, European Euro, American Dollar and Japanese Yen Currency by Virrage Images via Shutterstock
Dollar Edges Lower Ahead of Tuesday Night's Iran Deadline

The dollar index (DXY00 ) on Tuesday fell by -0.11%. The dollar was under pressure on Tuesday on concerns that the lingering Iran war could lead to a...

DXY00 : 98.698 (-0.44%)
GCM26 : 4,815.6 (+0.80%)
SIK26 : 76.365 (+1.30%)
^USDJPY : 158.708 (+0.09%)
^EURUSD : 1.17113 (+0.42%)
Cotton Rallying on Thursday

Cotton futures are trading with 127 to 150 point gains at Thursday’s midday. The outside markets are generally supportive, with the US dollar index is...

CTN26 : 75.20 (+2.20%)
CTK26 : 73.13 (+2.04%)
CTZ26 : 76.82 (+1.79%)
Hogs Holding Steady on Thursday

Lean hog futures are up a quarter in soon to expire April, with other contracts steady to a dime lower. USDA’s national base hog price was reported at...

HEK26 : 95.650 (-0.75%)
HEJ26 : 90.450 (+0.28%)
HEM26 : 104.025 (-0.60%)
Soybeans Holding onto Thursday Gains as USDA Makes Few Major Changes

Soybeans are showing 1 to 3 cent gains at Thursday’s midday. The cmdtyView national average Cash Bean price is up 3 1/4 cents at $10.97. Soymeal futures...

ZSPAUS.CM : 10.9575 (+0.19%)
ZLK26 : 67.72 (+0.44%)
ZMK26 : 317.2 (+0.99%)
ZSPX26US.CM : 10.8535 (+0.02%)
ZSX26 : 1152-2 (+0.02%)
ZSK26 : 1163-6 (+0.15%)
ZSN26 : 1179-6 (+0.15%)
Corn Slipping on Thursday, as USDA Raises World Stocks

Corn futures are trading with 3 to 5 cent losses at Thursday’s midday, as USDA showed increased world stocks. The CmdtyView national average Cash Corn...

ZCZ26 : 473-0 (-0.63%)
ZCN26 : 454-2 (-0.82%)
ZCK26 : 443-4 (-0.84%)
ZCPZ26US.CM : 4.3292 (-0.69%)
ZCPAUS.CM : 4.0394 (-0.90%)
Cattle Showing Firmer Trade on Thursday

Live cattle futures are showing contracts within 20 cents of unchanged at Thursday’s midday. Cash trade saw some light trade at $246 in the South, steady...

LEQ26 : 242.275 (-0.06%)
LEM26 : 245.650 (-0.11%)
LEJ26 : 249.000 (unch)
GFK26 : 368.375 (+0.10%)
GFJ26 : 370.825 (+0.04%)
GFQ26 : 368.175 (+0.06%)
Wheat Falling After USDA Adds Bushels to the Balance Sheet

The wheat complex is slipping on Thursday, following an increased stocks number from USDA on Thursday. Chicago SRW futures are 9 to 11 cents in the red...

KEN26 : 602-4 (-1.55%)
KEK26 : 586-2 (-1.51%)
MWK26 : 6.1750 (-1.04%)
ZWK26 : 571-6 (-1.46%)
ZWN26 : 581-4 (-1.65%)
Sugar Prices Tumble Amid Prospects of Ample Global Supplies

May NY world sugar #11 (SBK26 ) today is down -0.28 (-1.97%), and May London ICE white sugar #5 (SWK26 ) is down -7.90 (-1.87%). Sugar prices continued...

SBK26 : 13.92 (-2.18%)
SWQ26 : 416.80 (-2.04%)
Alibaba Just Unveiled a Massive AI Chip Cluster. Does That Make BABA Stock a Buy Here?

Alibaba unveiled a 10,000-chip AI cluster in China, marking a major step toward controlling its own AI infrastructure while keeping the bull case intact....

BABA : 127.05 (+1.38%)
GOOG : 315.93 (+0.38%)
GOOGL : 318.08 (+0.24%)
META : 632.05 (+3.21%)
TSLA : 345.84 (+0.75%)
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