Gold Jun '29 (GCM29)
Gold Futures Market News and Commentary
The dollar index (DXY00) fell by -0.36% on Thursday and held just above Wednesday's 4-week low.  Weaker-than-expected US economic news on Thursday weighed 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. The dollar fell to its low on Thursday in hopes of de-escalation of hostilities in the Middle East when Axios reported that direct negotiations between Israel and Lebanon will begin next week in Washington.
Losses in the dollar were limited as doubts about the sustainability of the US-Iran ceasefire boosted some safe-haven demand for the dollar. Also, Thursday's +3% 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 person... Read more
Barchart Thu Apr 9, 2:36PM CDT
The dollar index (DXY00 ) fell by -0.36% on Thursday and held just above Wednesday's 4-week low. Weaker-than-expected US economic news on Thursday weighed...
Barchart Thu Apr 9, 9:38AM CDT
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...
Blue Line Futures Thu Apr 9, 8:58AM CDT
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...
Barchart Wed Apr 8, 9:37AM CDT
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,...
Blue Line Futures Wed Apr 8, 8:14AM CDT
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...
Barchart 14 minutes ago
Henry Schein will announce its first-quarter earnings shortly, and analysts are expecting a single-digit increase in earnings.
Barchart 16 minutes ago
Vertex Pharmaceuticals is set to report its first-quarter results next month, and analysts are expecting high single-digit growth in earnings.
Barchart 19 minutes ago
Zimmer Biomet is poised to report its first-quarter results in the near future, and Wall Street anticipates a measured, single-digit increase in earnings....
Barchart 21 minutes ago
Diamondback Energy will release its first-quarter earnings next month, and analysts anticipate a double-digit profit dip.
Barchart 24 minutes ago
Coterra Energy will release its first-quarter earnings soon, and analysts anticipate its earnings to remain flat.
Barchart 26 minutes ago
June S&P 500 E-Mini futures (ESM26) are trending down -0.02% this morning, swinging between gains and losses as investors cautiously await key U.S. inflation...
Barchart Thu Apr 9, 6:30PM CDT
Shell is riding a rare combination of surging oil prices, strong trading gains, and a 25% year‑to‑date stock rally that has pushed SHEL to its best...
Barchart Thu Apr 9, 3:59PM CDT
The wheat complex was weaker on Thursday, following an increased stocks number from USDA. Chicago SRW futures saw losses of 4 ¾ to 7 ¼ cents at the close....
