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Gold Aug '16 (GCQ16)

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Gold Futures Market News and Commentary

Dollar Rallies on Signs of a Resilient US Economy

The dollar index (DXY00) on Thursday climbed to a 2-week high, finishing up by 0.29%.  The dollar garnered support from Thursday's as-expected US April retail sales report, signaling signs of a resilient US economy.  Also, signs of progress in US-China trade negotiations are supportive of the dollar after Reuters reported that the US and China are weighing a potential framework under which each country identifies about $30 billion in goods on which tariffs could be eased without threatening national security interests.  The dollar added to its gains on comments from Kansas City Fed President Jeff Schmid, who said the fundamentals of the US economy are sound.

US weekly initial unemployment claims rose +12,000 to 211,000, showing a slightly weaker labor market than expectations of 205,000. 

US Apr retail sales rose +0.5% m/m, right on expectations.  Also, Apr retail sales ex-autos rose +0.7% m/m, right on expectations.

The US Apr import price index ex-petroleum rose... Read more

The index of oil up by Pashalgnatov via istock
What Made Friday's Headlines Expected?

All it took was one look at Friday morning markets to confirm what the trip by the US contingent to China was all about - Selling ill-gotten oil.

Silver dollar floating by Matthew Heinrichs via Pixabay
Silver Crashes to $77 | Gold Breaks $4,600 | Oversold or More Pain Ahead? Metals Minute Phil Streible

Dive into today's early market action with the Blue Line Futures Metals Minute! (Episode 660)

Pile of money by Atlantagreg via iStock
Dollar Rallies on Signs of a Resilient US Economy

The dollar index (DXY00 ) on Thursday climbed to a 2-week high, finishing up by 0.29%. The dollar garnered support from Thursday's as-expected US April...

Puzzle of money by TPopova via iStock
Dollar Climbs on a Solid US Retail Sales Report

The dollar index (DXY00 ) today climbed to a 2-week high, up by +0.10%. The dollar garnered support from today's as-expected US April retail sales report....

Silver dollar floating by Matthew Heinrichs via Pixabay
Silver Fades from $90 | Healthy Pullback or Reversal? | ETFs Keep Buying Gold | Metals Minute Phil Streible

Dive into today's early market action with the Blue Line Futures Metals Minute! (Episode 659)

Pile of money with hands by Sergey Nazarov via iStock
Dollar Rallies on a Hot US PPI Report

The dollar index (DXY00 ) rallied to a 1.5-week high on Wednesday, finishing up by 0.22%. The dollar moved higher on Wednesday on the stronger-than-expected...

What Made Friday's Headlines Expected?

All it took was one look at Friday morning markets to confirm what the trip by the US contingent to China was all about - Selling ill-gotten oil.

Are Wall Street Analysts Predicting Targa Resources Stock Will Climb or Sink?

Despite Targa Resources significantly outperforming the broader market over the past year, Wall Street analysts continue to maintain a strongly bullish...

Are Wall Street Analysts Bullish on DexCom’s Stock?

Although DexCom has significantly underperformed the broader market over the past year, Wall Street analysts continue to maintain a very bullish outlook...

Aon Stock Outlook: Is Wall Street Bullish or Bearish?

Aon has underperformed the broader market over the past year, though analysts remain moderately optimistic about the company’s long-term growth outlook...

Is Wall Street Bullish or Bearish on Eaton Stock?

While Eaton has lagged the broader market over the past year, Wall Street analysts remain moderately optimistic about the company’s long-term growth...

What Are Wall Street Analysts' Target Price for WEC Energy Stock?

While WEC Energy has trailed the broader market over the past year, Wall Street analysts remain moderately optimistic about the company’s long-term growth...

Marvell Stock Has Rallied 100%. It’s Still a Top Buy for Long-Term Investors.

Demand for Marvell’s data center and custom AI chips continues to accelerate as hyperscalers ramp up spending on next-generation AI infrastructure.

Is Wall Street Bullish or Bearish on PulteGroup Stock?

While PulteGroup has underperformed the S&P 500 over the past 52 weeks, Wall Street analysts maintain a moderately optimistic outlook about the stock’s...

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