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Gold Jun '30 (GCM30)

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Gold Futures Market News and Commentary

Dollar Firms on Rising T-Note Yields and Crude Prices

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

Scattered gold bars on black table by Varga_photography via Adobe Stock
What Gold Did When The Shooting Resumed

Gold fell just like we forecasted. What's next?

Image by Karolina Kaboompics via Pexels
Dollar Firms on Rising T-Note Yields and Crude Prices

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...

Bull on Wall Street by Alexander Naumann via Pixabay
August’s Top Commodity Performers and Underperformers

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...

Pile of money with hands by Sergey Nazarov via iStock
Dollar Supported by Rising T-Note Yields and Falling Stocks

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...

Silver nuggets and ingot by Mike Maniatis via Shutterstock
Gold BREAKS the 100 DMA, Silver Under $66! What Happened Overnight? | Metals Minute Phil Streible

Dive into today's market action with the Blue Line Futures Metals Minute! (Episode 736)

A concept image of space_ Image by Canities via Shutterstock_
This $3 Million Copper Explorer Named Three Targets. The Drill Is Next

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....

Home Depot Bear Put Spread Could Return 181% in 45 Days

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...

How Is Deere & Company's Stock Performance Compared to Other Industrial Stocks

Deere & Company has rallied other industrial stocks, and analysts remain moderately optimistic about the stock’s outlook.

Nasdaq Futures Slip as Rising Yields Hit Chipmakers, U.S. ADP Jobs Report and Broadcom Earnings on Tap

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.

Regeneron Pharmaceuticals Stock: Is REGN Outperforming the Healthcare Sector?

Regeneron Pharmaceuticals has outpaced the healthcare sector, and analysts remain moderately optimistic about the stock’s outlook.

Is S&P Global Stock Underperforming the S&P 500?

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.

3 Top Dividend Stocks to Buy in September

Chevron, Realty Income, and NextEra bring more than just yield to the table.

Corn Rally Extends to Tuesday

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...

Hogs Close Mixed on Tuesday

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...

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