Gold Jun '30 (GCM30)
Gold Futures Market News and Commentary
The dollar index (DXY00) rose by +0.27% on Tuesday. Soaring T-note yields on Tuesday strengthened the dollar’s interest rate differentials and pushed the dollar higher. Also, Tuesday’s +5% surge in WTI crude oil to a 6-week high raised inflation expectations, which could potentially persuade the Fed to raise interest rates, a supportive factor for the dollar. In addition, Tuesday’s stock slump boosted liquidity demand for the dollar.
Gains in the dollar were limited on Tuesday amid weaker-than-expected US economic news, including Aug ISM manufacturing, July construction spending, and July JOLTS job openings.
The US Aug ISM manufacturing index fell -1.0 to 54.6, weaker than expectations of 55.2. The Aug ISM prices paid sub-index was unchanged at 71.1, stronger than expectations of a decline to 70.8.
US July construction spending fell -0.5% m/m, weaker than expectations of no change.
US July JOLTS job openings unexpectedly rose +89,000 to 7.271 million fro... Read more
Gold Price Forecast · Tue Sep 1, 4:23PM CDT
Gold fell just like we forecasted. What's next?
Barchart · Tue Sep 1, 2:34PM CDT
The dollar index (DXY00 ) rose by +0.27% on Tuesday. Soaring T-note yields on Tuesday strengthened the dollar’s interest rate differentials and pushed...
Barchart · Tue Sep 1, 2:00PM CDT
August was a bullish month for commodities, with gains in most sectors except for animal proteins and lumber. Ongoing conflicts in Ukraine and the Middle...
Barchart · Tue Sep 1, 9:34AM CDT
The dollar index (DXY00 ) is up by +0.12% today. Soaring T-note yields today have strengthened the dollar’s interest rate differentials and are pushing...
Blue Line Futures · Tue Sep 1, 6:05AM CDT
Dive into today's market action with the Blue Line Futures Metals Minute! (Episode 736)
Ivan Patriki · Mon Aug 31, 8:00PM CDT
No hole yet. NRED has not drilled Wilmac. A first hole needs a permit and financing. That being said, there's copper at surface, and targets to the west....
Barchart · 3 minutes ago
Home Depot (HD) stock was a bearish candidate that came up on one of my screeners for being rated a Strong Sell with a 72% Sell rating. Today, we’re...
Barchart · 10 minutes ago
Deere & Company has rallied other industrial stocks, and analysts remain moderately optimistic about the stock’s outlook.
Barchart · 22 minutes ago
September Nasdaq 100 E-Mini futures (NQU26) are down -0.52% this morning as rising bond yields sparked a fresh wave of selling in chip stocks.
Barchart · 32 minutes ago
Regeneron Pharmaceuticals has outpaced the healthcare sector, and analysts remain moderately optimistic about the stock’s outlook.
Barchart · Tue Sep 1, 10:15PM CDT
While S&P Global has lagged behind the S&P 500 Index over the past year, analysts are strongly optimistic about the stock’s prospects.
Barchart · Tue Sep 1, 6:30PM CDT
Chevron, Realty Income, and NextEra bring more than just yield to the table.
Barchart · Tue Sep 1, 5:08PM CDT
Corn futures posted gains of 6 to 8 ¾ cents across most contracts on Tuesday, extending to new highs. There were another 187 deliveries issued against...
Barchart · Tue Sep 1, 5:08PM CDT
Lean hog futures posted mixed Tuesday trade, with contracts down a tick to 25 cents and deferreds steady to 25 cents higher. USDA’s national base hog...