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Gold Aug '20 (GCQ20)

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Gold Futures Market News and Commentary

Dollar Drops on Middle East Peace Optimism

The dollar index (DXY00) on Friday fell to a 7-week low and finished down by -0.15%.  The dollar came under pressure Friday in hopes that an end to the war in Iran is near, curbing safe-haven demand for the dollar.  Also, Friday's rally in stocks has reduced liquidity demand for the dollar. In addition, Friday's 11% plunge in WTI crude oil eases inflation expectations, which is dovish for Fed policy and negative for the dollar.

The dollar recovered from its worst level on Friday after San Francisco Fed President Mary Daly's comments sparked short covering, signaling she favors keeping Fed policy steady.  She said the oil shock in the US is stronger on the inflation side than on growth, and leaving policy unchanged would still restrain inflation.

Axios reported that the US and Iran are negotiating over a three-page plan to end the war, with one element under discussion being that the US would release $20 billion in frozen Iranian assets in return for Iran giving up its st... Read more

A one dollar bill floating in water by Wirestock via iStock
Dollar Drops on Middle East Peace Optimism

The dollar index (DXY00 ) on Friday fell to a 7-week low and finished down by -0.15%. The dollar came under pressure Friday in hopes that an end to the...

A hundred dollar bill being torn by Alona Siniehina via iStock
Dollar Sinks as Iran Says Hormuz is Open

The dollar index (DXY00 ) today fell to a 7-week low and is down by -0.45%. The dollar is under pressure today in hopes that an end to the war in Iran...

Gold bars in a row by andriano_cz via iStock
Gold: 4th Weekly Gain as Funds Exit | Silver: Breakout Level to Watch

Gold posts a fourth straight weekly gain as funds exit while silver approaches a key breakout level, with Phil Streible breaking down the metals setup...

Silver nuggets and ingot by Mike Maniatis via Shutterstock
Silver: Range Bound and Waiting for a Verdict

Silver futures have entered a period of measured consolidation after one of the most volatile price swings in the metal's modern trading history. Following...

3d illustration inflation and deflation graph by Deepadesigns via Shutterstock
Why Are Fridays in the Commodity Complex Easy to Predict?

As I've said before, the job of analyzing markets has grown much easier given the repetitive cycle of market drivers.

Aluminum Metal Wire Coil by HeungSoon via Pixabay
As Aluminum Prices Hit 4-Year Highs, Should You Buy Alcoa Stock?

Aluminum prices hit four-year highs on the threat of a blockade as U.S.-Iran talks collapsed. Should you buy Alcoa at this juncture?

As NetApp Expands Its Relationship With Google Cloud, Should You Buy, Sell, or Hold NTAP Stock?

Does this AI-driven push by NetApp make the stock a buy now, or start thinking about taking profits?

Netflix Generates Massive FCF and FCF Margins - NFLX Price Targets Are Higher

Netflix generated $5.1 billion in free cash flow, including a $2.8 billion deal termination fee. Adjusted FCF margins are still high, implying NFLX is...

Alibaba Just Launched New AI Models for Video Games. Does That Make BABA Stock a Buy?

Alibaba’s new Happy Oyster AI model can be used to develop video games. Does this make BABA stock a buy now?

Dear Seagate Technology Stock Fans, Mark Your Calendars for April 28

Strong AI-driven storage demand, tight supply, and rising analyst confidence have set the stage as Seagate approaches its next key update on April 28.

Profit Jumped 58% at Taiwan Semi. Does That Make TSM Stock a Buy Here?

TSM’s 58% profit surge underscores unstoppable AI demand, but with the stock slipping post-earnings, is the stock a buy here?

Earnings Preview: What to Expect From Fortive’s Report

Fortive Corporation is slated to report its first-quarter earnings by month-end, and analysts forecast a double-digit decline in profit.

Baxter International Earnings Preview: What to Expect

Baxter International is set to announce its first-quarter results this month, with analysts predicting a single-digit decline in the company's earnings....

What You Need to Know Ahead of Hershey’s Earnings Release

The Hershey Company is set to report its first-quarter results by the end of the month, and analysts project a low-single-digit decline in profit.

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