Gold Aug '10 (GCQ10)
Gold Futures Market News and Commentary
The dollar index (DXY00) today is up by +0.23%. The dollar is moving higher today and is being supported by a +1% increase in WTI crude oil prices, which lifts inflation expectations and may prompt the Fed to tighten monetary policy, a bullish factor for the dollar. Gains in the dollar accelerated today on stronger-than-expected US economic reports on May ADP employment, May ISM services index, and Apr factory orders, hawkish factors for Fed policy. In addition, escalation of Middle East tensions is boosting some safe-haven demand for the dollar after US forces intercepted Iranian ballistic missiles and drones aimed at neighboring countries and struck an Iranian command center in response.Â
The US May ADP employment change rose 122,000, slightly stronger than expectations of 120,000 and the biggest increase in 16 months.
The US May ISM services index rose +0.9 to 54.5, stronger than expectations of 53.8.
US Apr factory orders rose +4.8% m/m, stronger than expecta... Read more
Barchart · 1 hour ago
Here are my two-minute bull and bear cases on the fundamentals and technicals presently impacting the gold and silver markets, and their potential price...
Barchart · Wed Jun 3, 9:41AM CDT
Alcoa stock extends gains as aluminum prices climb further to a four-year high. Here’s why AA shares remain worth buying at current levels.
Barchart · Wed Jun 3, 9:39AM CDT
The dollar index (DXY00 ) today is up by +0.23%. The dollar is moving higher today and is being supported by a +1% increase in WTI crude oil prices, which...
Blue Line Futures · Wed Jun 3, 6:22AM CDT
Dive into today's early market action with the Blue Line Futures Metals Minute! (Episode 673)
Wavetraders · Wed Jun 3, 5:05AM CDT
Gold is stabilizing near the important 4400 support area after a three-wave decline from the highs. Elliott Wave analysis suggests a recovery toward 4700...
Gold Price Forecast · Wed Jun 3, 4:50AM CDT
Why isn't silver soaring yet? Stock market is part of the reply.
Barchart · 4 minutes ago
Palantir continues to benefit from growing demand for its AI-powered software platform across both government and commercial customers, while its stock...
Barchart · 21 minutes ago
Berkshire Hathaway has agreed to purchase Alphabet shares worth $10 billion in a private placement deal. Could backing GOOG be CEO Greg Abel's claim to...
Barchart · 36 minutes ago
July NY world sugar #11 (SBN26 ) today is down -0.08 (-0.56%), and Aug London ICE white sugar #5 (SWQ26 ) is up +1.60 (+0.36%). Sugar prices fell from...
Barchart · 39 minutes ago
Arm finds itself in the sweet spot as AI driven chip demand is accelerating the company’s next growth chapter.
Barchart · 49 minutes ago
July ICE NY cocoa (CCN26 ) today is down -42 (-1.02%), and July ICE London cocoa #7 (CAN26 ) is down -36 (-1.15%). Cocoa prices came under pressure today...
Barchart · 55 minutes ago
Despite EOG Resources’ underperformance relative to the energy sector over the past year, Wall Street analysts maintain a moderately optimistic outlook...
Barchart · 1 hour ago
July arabica coffee (KCN26 ) today is down -3.55 (-1.37%), and July ICE robusta coffee (RMN26 ) is down -74 (-2.11%). Coffee prices are retreating today,...
Barchart · 1 hour ago
Here are my two-minute bull and bear cases on the fundamentals and technicals presently impacting the gold and silver markets, and their potential price...
