Gold Aug '20 (GCQ20)
Gold Futures Market News and Commentary
The dollar index (DXY00) on Friday fell by -0.19%. The dollar was under pressure on Friday after the S&P 500 rallied to a new all-time high, curbing liquidity demand for the dollar. Also, the University of Michigan's US May consumer sentiment index fell more than expected to a record low. In addition, strength in the Chinese yuan weighed on the dollar today after the yuan rallied to a 3-year high. Finally, strength in EUR/USD is negative for the dollar after hawkish ECB comments pushed the euro higher.Â
Friday's US payroll report was mixed for the dollar after nonfarm payrolls rose more than expected, but hourly earnings rose less than expected.Â
In the latest developments in the Middle East, Iran's semi-official Tasnim news agency said Iran seized an oil tanker on Friday in the Strait of Hormuz for "attempting to disrupt oil exports and the interests of the Iranian nation." Also, US forces targeted missile and drone launch sites and other military assets in Iran tha... Read more
Blue Line Futures · 54 minutes ago
Dive into today's early market action with the Blue Line Futures Metals Minute! (Episode 656)
Wavetraders · Mon May 11, 4:24AM CDT
The basic idea is simple. Trending markets usually move in five waves, while corrections usually unfold in three waves or some variation of that corrective...
ONE44 Analytics · Sun May 10, 3:46PM CDT
Educational and Actionable information using Fibonacci and W.D. Gann analysis.
Barchart · Fri May 8, 2:33PM CDT
The dollar index (DXY00 ) on Friday fell by -0.19%. The dollar was under pressure on Friday after the S&P 500 rallied to a new all-time high, curbing...
Barchart · Fri May 8, 10:15AM CDT
COMEX copper futures have been trading around a $6 pivot point since reaching a record high in late January 2026 and correcting. The consolidation and...
Barchart · Fri May 8, 9:49AM CDT
The dollar index (DXY00 ) today is down by -0.15%. The dollar is under pressure today after the University of Michigan’s US May consumer sentiment index...
Barchart · 2 minutes ago
Tapestry has outperformed the broader market over the past year, and analysts are highly optimistic about the stock’s prospects.
Barchart · 9 minutes ago
American Electric Power has underperformed the broader market over the past year, but analysts are moderately optimistic about the stock’s prospects....
Barchart · 10 minutes ago
Franklin Resources has outperformed the broader market over the past year, but analysts remain cautious on the stock’s outlook.
Barchart · 13 minutes ago
Digital Realty Trust has underperformed the broader market over the past year, but analysts are cautiously optimistic about the stock’s prospects.
Barchart · 14 minutes ago
AbbVie has lagged the broader market over the past year, although Wall Street analysts remain moderately optimistic about the company’s long-term growth...
Barchart · 17 minutes ago
Although International Paper has considerably lagged the broader market over the past year, Wall Street analysts remain fairly upbeat about the company’s...
Barchart · 19 minutes ago
Trimble has underperformed the broader market over the past year, but analysts are highly optimistic about the stock’s prospects.
Barchart · 26 minutes ago
MetLife has underperformed the broader market over the past year, but analysts are cautiously optimistic about the stock’s prospects.
