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Gold Aug '20 (GCQ20)

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Gold Futures Market News and Commentary

Dollar Falls as Stocks Rally on Iran Deal Optimism

The dollar index (DXY00) on Friday fell to a 2-week low and finished down by -0.14%.  The improving prospects for a US-Iran peace deal sparked a rally in stocks, reducing liquidity demand for the dollar.  Also, Friday’s -1% fall in WTI crude oil to a 5-week low lowers inflation expectations and could prompt the Fed to ease monetary policy, a bearish factor for the dollar.  Losses in the dollar were limited on Friday after the May MNI Chicago PMI rose more than expected at its strongest pace in 4.25 years.  Fed comments on Friday were mixed for the dollar.

The US May MNI Chicago PMI rose +13.5 to 62.7, stronger than expectations of 50.3 and the strongest pace of expansion in 4.25 years.

San Francisco Fed President Mary Daly said Fed interest rate policy is in a good place and that she’s “cautiously optimistic” about the US economy, noting that “there’s no urgency to make an adjustment” to interest rates.

Kansas City Fed President Jeff Schmid said, “With inflation ru... Read more

Gold bars in a neat row by PublicDomainPictures via Pixabay
A ‘Golden Dome’ Has Formed on the Chart of This Gold Mining ETF. The Bull Rally in Precious Metals Has Run Out of Steam.

The best days of the gold trade are firmly in the rearview mirror.

Dollar bills in an organized pile by TheDigitalArtist via Pixabay
Dollar Falls as Stocks Rally on Iran Deal Optimism

The dollar index (DXY00 ) on Friday fell to a 2-week low and finished down by -0.14%. The improving prospects for a US-Iran peace deal sparked a rally...

Pile of money by Atlantagreg via iStock
Dollar Inches Higher on US Economic Strength

The dollar index (DXY00 ) today is up +0.02%. The dollar found some support today after the May MNI Chicago PMI rose more than expected at its strongest...

Silver dollar floating by Matthew Heinrichs via Pixabay
Gold & Silver Bounce Off Key Support Levels | Is the Bottom In? Navigating the Week Ahead | Metals Minute Phil Streible

Dive into today's early market action with the Blue Line Futures Metals Minute! (Episode 670)

A hundred dollar bill being torn by Alona Siniehina via iStock
Dollar Slides on Weak US Economic News and US-Iran Peace Hopes

The dollar index (DXY00 ) on Thursday fell from a 7-week high and finished down -0.18%. The dollar gave up early gains and turned lower today on weaker-than-expected...

A one dollar bill floating in water by Wirestock via iStock
Dollar Erases Early Gains on Disappointing US Economic News

The dollar index (DXY00 ) today fell from a 7-week high and is down -0.13%. The dollar gave up an early advance and turned lower today on weaker-than-expected...

Is Micron Technology Stock Outperforming the S&P 500?

Due to Micron Technology's outperformance relative to the SPX over the past year, Wall Street analysts maintain a bullish outlook on the stock’s prospects....

Nvidia Stock Has Been Muted After Excellent Earnings. Investors Are Ready for the Next Big Thing.

While Nvidia continues to post blockbuster earnings, investors appear to be waiting for a bigger catalyst to reignite the stock’s momentum.

Google Just Changed Enlight Renewable Energy Stock’s Entire Growth Story

Enlight Renewable Energy surged after securing a long-term Google power agreement, reinforcing its growing role in the AI-driven electricity infrastructure...

This Tiny Space Stock Just Exploded 100%. Here’s Why Investors Are Piling In.

Momentus stock recently doubled overnight as SpaceX hype continues to sweep Wall Street.

Northrop Grumman Just Hiked Its Dividend, But Its Stock Has Tanked - Time to Buy NOC?

Northrop Grumman Corp hiked its annual dividend rate by about 7%. But NOC stock is down 26% from its peak and well below its average historical yield....

Dell Stock Is Surging. Another Legacy Tech Name Is Becoming an AI Winner.

Dell’s stunning increase after earnings is convincing Wall Street that the former PC giant may now be one of the biggest winners of the global AI infrastructure...

How Is Pfizer's Stock Performance Compared to Other Healthcare Stocks?

Due to Pfizer’s underperformance relative to its peers over the past year, Wall Street analysts remain cautious about the stock’s prospects

Amgen Stock: Is AMGN Outperforming the Healthcare Sector?

Despite Amgen's outperformance relative to the healthcare sector over the past year, Wall Street analysts remain cautiously optimistic about the stock’s...

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