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Gold Aug '20 (GCQ20)

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Gold Futures Market News and Commentary

Dollar Gains on US Economic Strength

The dollar index (DXY00) rose by +0.06% on Monday.  The dollar found support from Monday's US economic news, which showed that new capital goods nondefense, ex-aircraft and parts orders rose more than expected, a sign of economic strength.  Some safe-haven demand also supports the dollar as President Trump has raised the possibility of intensified action against Iran and as Houthi militants in Yemen claimed to have struck facilities linked to Saudi Aramco in the Red Sea port towns of Jizan and Yanbu on Saturday.   

Gains in the dollar were limited on Monday, as an easing of tensions in the Middle East has curbed safe-haven demand for the currency after the US and Iran held off on attacks for a third straight day.  Also, Monday's -7% plunge in WTI crude oil has lowered inflation expectations and could prompt the Fed to pursue easier monetary policy, a negative factor for the dollar.  In addition, lower T-note yields on Monday weakened the dollar's interest rate differentials. <... Read more

Silver bars stacked by Walter Freudling via Pixabay
Gold & Silver Under Pressure as Asia Tech Drops | Key Levels to Watch | Metals Minute Phil Streible

Dive into today's market action with the Blue Line Futures Metals Minute! (Episode 710)

Puzzle of money by TPopova via iStock
Dollar Gains on US Economic Strength

The dollar index (DXY00 ) rose by +0.06% on Monday. The dollar found support from Monday's US economic news, which showed that new capital goods nondefense,...

A concept image of a man carrying a bag that says debt on his back by Dilok Klaisataporn via Shutterstock
Dollar Pressured by Weakness in Crude Oil

The dollar index (DXY00 ) is down by -0.02% today. The dollar index is under slight pressure as an easing of tensions in the Middle East has curbed safe-haven...

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Gold & Oil: The Chart Knew First

Oil topped BEFORE the bombing stopped - how come?

A man looking at a warped stock market chart by AciiiDsgn via Shutterstock
What Do Monday Morning's Markets Bring to Mind?

If I told you a look at the quote screen early Monday morning brought to mind The Bangles, Bad Bets, Train Wrecks, and The Red Wedding, would you be intrigued?...

Liberty silver dollar by Tony Savino via iStock
Retail Dip Buying in Silver Surges! Key Levels In Gold | Navigating the Week Ahead | Metals Minute Phil Streible

Dive into today's market action with the Blue Line Futures Metals Minute! (Episode 709)

Tesla Bear Put Spread Could Return 185% in One Month

Tesla stock was a bearish candidate that came up on one of my screeners for being rated a Strong Sell with an 88% Sell rating. Today, we’re going to...

Are Wall Street Analysts Predicting ExxonMobil Stock Will Climb or Sink?

ExxonMobil has outperformed the broader market over the past year, and analysts remain moderately optimistic about the stock’s prospects.

Nasdaq Futures Slump as Chip Selloff Rages On, FOMC Meeting and Earnings on Tap

September Nasdaq 100 E-Mini futures (NQU26) are down -0.80% this morning as a selloff in chip stocks deepened.

Accenture Earnings Preview: What to Expect

Accenture will release its fourth-quarter earnings soon, and analysts anticipate a single-digit bottom-line growth.

Altria Stock: Why Q2 Matters for Its High-Yield Appeal

Altria's Dividend King reputation faces another important test in the upcoming Q2 earnings report as investors look beyond its shrinking cigarette business....

Hogs Face Weakness on Monday

Lean hog futures were down $1.22 to $1.77 at the Monday close, with nearby August up 12 cents. USDA’s national base hog price was reported at $100.69...

Cotton Closes Monday with Gains

Cotton futures closed with Monday gains of 54 to 90 points at the close. Crude oil was down $7.40 per barrel, with the US dollar index up 0.083. Weekly...

Wheat Faces Monday Losses

The wheat complex joined in on the rest of the commodity losses on Monday. Chicago SRW contracts were 11 to 18 cents in the red. KC HRW futures closed...

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