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Gold Jun '30 (GCM30)

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Gold Futures Market News and Commentary

Dollar Rises on Houthi Tanker Attack and Higher Oil Prices

The dollar index (DXY00) is up +0.37%.  The dollar is finding support from strong US interest rate differentials, as the 10-year T-note yield rose by +5 bp and posted a new 1.5-year high amid today's surge in oil prices of more than +5%.  The dollar is also seeing support from today's US unemployment claims report, which showed a slightly stronger US labor market than market expectations.

The dollar is also seeing safe-haven demand after the Iran-backed Houthis launched a missile and drone attack on two Saudi Arabian oil tankers in the Red Sea, expanding the oil disruptions beyond the Strait of Hormuz and threatening oil shipments in the Red Sea. The Houthis have vowed to blockade shipping linked to Saudi Arabia and warned shipowners against calling at the nation's ports.  The move threatens Saudi oil exports from Yanbu, a Red Sea hub that the Saudi's are using to ship crude since the war brought shipping through the Strait of Hormuz to a near halt.  President Trump said Tuesd... Read more

US dollar background by Iluhanos via iStock
Dollar Rises on Houthi Tanker Attack and Higher Oil Prices

The dollar index (DXY00 ) is up +0.37%. The dollar is finding support from strong US interest rate differentials, as the 10-year T-note yield rose by...

Shinny gold bullion by Million Photos via Shutterstock
Gold & Silver Decline Overnight! Is the Precious Metals Rally OVER? Cotton on My Radar | Metals Minute Phil Streible

Dive into today's market action with the Blue Line Futures Metals Minute! (Episode 707)

Money transfer Global Currency by Panuwatccn via Shutterstock
Dollar Eases on Euro and Yen Strength

The dollar index (DXY00 ) fell by -0.04% on Wednesday. The dollar posted modest losses on Wednesday amid a mild recovery in the euro and the yen. The...

British Pound, European Euro, American Dollar and Japanese Yen Currency by Virrage Images via Shutterstock
Dollar Slightly Lower as the Yen Recovers

The dollar index (DXY00 ) is down by -0.10% today. The dollar is under modest pressure today amid a recovery in the yen, which rose from a 39-year low...

Copper pipes by Dijana via Pixabay
Metals - technical analysis

We analyze the portfolio of metals futures which is prevalent in our own trading almost everyday.

Stacked silver bars by Tookapic via Pixabay
Gold Hits 2-Week High as Stagflation Theme Builds | Retail Buys Silver | Metals Minute Phil Streible

Dive into today's market action with the Blue Line Futures Metals Minute! (Episode 706)

Sugar Prices Continue Lower on Improved Monsoon Rains in India

October NY world sugar #11 (SBV26 ) today is down -0.04 (-0.27%), and October London ICE white sugar #5 (SWV26 ) is down -5.00 (-1.08%). Sugar prices are...

Cocoa Prices Slump Amid Weak Demand and Abundant Supplies

September ICE NY cocoa (CCU26 ) today is down -26 (-0.49%), and September ICE London cocoa #7 (CAU26 ) closed unchanged. NY cocoa prices are moderately...

Why This Analyst Is Pounding the Table on ‘Pioneer’ CoreWeave Stock

Wall Street is growing more bullish on CoreWeave as analysts see continued strength in AI infrastructure demand.

Coffee Prices Fall as USDA Predicts 6% Increase in Global Coffee Production

September arabica coffee (KCU26 ) today is down -7.05 (-2.23%), and September ICE robusta coffee (RMU26 ) is down -86 (-2.27%). Coffee prices are lower...

Elon Musk Just Admitted Optimus Has No Supply Chain, But There Are Still Reasons to Be Optimistic

Tesla’s earnings highlighted the steep cost of building its AI future. Mulk acknowledged Optimus faces major manufacturing challenges despite long-term...

A $266 Million Reason to Buy Rocket Lab Stock Here

Rocket Lab's expanding defense business is adding fresh momentum to its long-term investment story despite recent stock turbulence.

Crocs Stock Just Hit a New 52-Week High and Has Strong Upside Ahead

Crocs (CROX) demonstrates strong technical momentum, with a recent 25% gain since a new “Buy” signal was issued. Shares are up more than 20% over the...

Here's What to Expect From Tapestry's Next Earnings Report

Tapestry is scheduled to report its fourth-quarter results soon, and analysts expect a double-digit earnings rise.

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