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Gold Jun '31 (GCM31)

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Gold Futures Market News and Commentary

Dollar Rallies and Gold Retreats on Hawkish Fed

The dollar index (DXY00) rallied to a 13-month high on Thursday, finishing up by 0.80%.  The dollar rose on Thursday on carryover support from Wednesday, when the FOMC projected higher interest rates later this year.  Thursday's US economic news was also supportive of the dollar as weekly jobless claims fell as expected and the June Philadelphia Fed business outlook survey rose more than expected.

On the negative side for the dollar was Thursday's decline in WTI crude oil prices to a 3.5-month low, which lowered inflation expectations and could potentially allow the Fed to pursue easier monetary policies, a bearish factor for the dollar. Also, Thursday's stock rally reduced liquidity demand for the dollar.

US weekly initial unemployment claims fell by -4,000 to 226,000, close to expectations of 225,000.

The US Jun Philadelphia Fed business outlook survey rose +10.7 to 10.3, stronger than expectations of 10.0.

US May leading indicators rose +0.1% m/m, right on... Read more

Cows eating hay in a farm cowshed by Matthias Bockel via Pixabay
The Cows of Wrath: Here’s What Corn, Cattle, and Quantified Data Are Telling Us About a US Farm Crisis

Barchart experts Darin Newsom and William Osnato explain the facts behind the clickbait when it comes to what’s happening now and what’s next in major...

Pile of money by Atlantagreg via iStock
Dollar Rallies and Gold Retreats on Hawkish Fed

The dollar index (DXY00 ) rallied to a 13-month high on Thursday, finishing up by 0.80%. The dollar rose on Thursday on carryover support from Wednesday,...

Pile of money with hands by Sergey Nazarov via iStock
Dollar Strengthens and Gold Sinks on the Fed's Hawkish Policy Update

The dollar index (DXY00 ) today rallied to a 13-month high, up by 0.54%. The dollar is climbing today on carryover support from Wednesday, when the FOMC...

Copper pipes by Dijana via Pixabay
Traders Now Price an October Fed Hike | Dollar Surges | Metals Sell Off Hard | Metals Minute Phil Streible

Dive into today's market action with the Blue Line Futures Metals Minute! (Episode 685)

Holding money bunched in fist by Iana Miroshnichenko via iStock
Dollar Jumps on Hawkish Fed

The dollar index (DXY00 ) on Wednesday rose by +0.49%. The dollar moved higher on Wednesday, supported by stronger-than-expected US economic reports on...

A U_S_ banknote that is digitally warped by Ruslan Lytvyn via Shutterstock
Dollar Gains on Better-Than-Expected US Economic News

The dollar index (DXY00 ) today is up by +0.12%. The dollar is moving higher today, supported by stronger-than-expected US economic reports on May retail...

Is eBay Outperforming the Nasdaq?

eBay has outperformed the Nasdaq Composite over the past year, and analysts are moderately bullish about EBAY stock.

Is Quest Diagnostics Stock Underperforming the S&P 500?

While Quest Diagnostics has lagged behind the S&P 500 Index over the past year, analysts are moderately optimistic about the stock’s prospects.

How Is IDEX Corporation 's Stock Performance Compared to Other Industrial Stocks?

While IDEX has outperformed relative to its peers over the past 52 weeks, Wall Street analysts remain cautiously optimistic about the stock’s prospects....

Gen Digital Stock: Is GEN Underperforming the Technology Sector?

Although Gen Digital has underperformed its sector peers recently, analysts remain moderately optimistic about the stock’s prospects.

Is Mid-America Apartment Stock Underperforming the Dow?

Mid-America Apartment has underperformed the Dow recently, yet analysts remain moderately optimistic about the stock’s prospects.

Why Weakness in Dividend-Paying Costco Stock Is a Strong Buying Opportunity

Costco recently lowered prices on some of its Kirkland Signature products.

The Cows of Wrath: Here’s What Corn, Cattle, and Quantified Data Are Telling Us About a US Farm Crisis

Barchart experts Darin Newsom and William Osnato explain the facts behind the clickbait when it comes to what’s happening now and what’s next in major...

Cutting Jobs and Chasing AI: How to Play the Rackspace Stock Transformation Story Here

Rackspace technology has signed a deal with AMD while also announcing layoffs.

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