Gold Aug '19 (GCQ19)
Gold Futures Market News and Commentary
The dollar index (DXY00) recovered from a 3-month low on Thursday and finished up +0.08%. Short covering emerged in the dollar on Thursday amid better-than-expected US economic news, including weekly jobless claims, the Aug Philadelphia Fed business outlook survey, and July leading indicators. Also, Thursday’s +2% jump in WTI crude oil to a 1-month high boosted inflation expectations that may persuade the Fed to tighten monetary policy, a supportive factor for the dollar.
The dollar initially extended Wednesday’s sharp losses on Thursday, driven by negative carryover from Wednesday, when the US Treasury boosted liquidity and announced plans to increase buybacks of long-dated bonds. Also, dovish comments on Thursday from San Francisco Fed President Mary Daly weighed on the dollar when she said she's "not seeing evidence" of a need for preemptive Fed rate hikes.
US weekly initial unemployment claims unexpectedly fell -6,000 to 206,000, showing a stronger labor market th... Read more
Barchart · Thu Aug 20, 2:36PM CDT
The dollar index (DXY00 ) recovered from a 3-month low on Thursday and finished up +0.08%. Short covering emerged in the dollar on Thursday amid better-than-expected...
Barchart · Thu Aug 20, 9:32AM CDT
The dollar index (DXY00 ) recovered from a 3-month low today and is up +0.05%. Short covering emerged in the dollar today on better-than-expected US economic...
Blue Line Futures · Thu Aug 20, 6:13AM CDT
Dive into today's market action with the Blue Line Futures Metals Minute! (Episode 727)
Barchart · Wed Aug 19, 5:52PM CDT
Like a dealer buying his own stash, the Treasury is propping up the market for long-dated bonds – and it won’t end well.
Barchart · Wed Aug 19, 2:36PM CDT
The dollar index (DXY00 ) tumbled to a 2.5-month low on Wednesday and finished down by -0.80%. The dollar retreated on Wednesday after the US Treasury...
Barchart · Wed Aug 19, 9:35AM CDT
The dollar index (DXY00 ) tumbled to a 2.5-month low today and is down by -0.76%. The dollar retreated today after the US Treasury boosted liquidity and...
Barchart · 1 hour ago
Despite DTE Energy's underperformance relative to the broader market over the past year, Wall Street analysts maintain a moderately optimistic outlook...
Barchart · Thu Aug 20, 6:30PM CDT
Bill Ackman's Pershing Square has held shares of Restaurant Brands International for over a decade. QSR stock has a healthy dividend yield of 3.4% but...
Barchart · Thu Aug 20, 5:18PM CDT
Cotton futures posted marginally mixed trade on Thursday, with contracts down 10 points to 44 points higher. Crude oil was up $2.32 with the US dollar...
Barchart · Thu Aug 20, 5:18PM CDT
Lean hog futures saw losses of 25 cents to $1.27 in the front months on Thursday, with the deferreds mixed. USDA’s national base hog price was reported...
Barchart · Thu Aug 20, 5:18PM CDT
Corn futures closed the Thursday session holding onto most of the intraday gains, up 1 to 5 ¾ cents across the front months. The CmdtyView national average...
Barchart · Thu Aug 20, 5:18PM CDT
The wheat complex posted mixed action across the three exchanges on Thursday. Chicago SRW contracts were fractionally to 2 ½ cents higher on the day....
Barchart · Thu Aug 20, 5:18PM CDT
Live cattle futures posted gains of 77 cent to $1.125 at the close, with August 7 cents lower. Cash trade has picked up a few at $355-360 dressed and $226....
Barchart · Thu Aug 20, 5:18PM CDT
Soybeans closed the Thursday session mixed, with contracts down 1 ½ to 2 ½ cents lower across the board. The cmdtyView national average Cash Bean price...