Gold Aug '21 (GCQ21)
Gold Futures Market News and Commentary
The dollar index (DXY00) is up by +0.17% today. The weakness in stocks today has boosted some liquidity demand for the dollar. Also, today’s report on the July Chicago Fed national activity index was stronger than expected, supportive of the dollar. Gains in the dollar are limited by today’s report from CNBC that said the Treasury could use the Treasury General Account, which had a balance of $935 billion on August 20, to fund expanded buybacks of higher-yielding, older government securities. Also, today’s decline in WTI crude oil by more than -1% lowers inflation expectations and is dovish for Fed policy.
The US July Chicago Fed national activity index fell -0.14 to -0.08, slightly stronger than expectations of -0.09.
Markets await a press conference later today from US Treasury Secretary Bessent, who will detail plans to isolate Iran’s economy. Mr. Bessent told the Financial Times that "The world should realize that our objective is to sever every economic lifeli... Read more
Barchart · Mon Aug 24, 9:32AM CDT
The dollar index (DXY00 ) is up by +0.17% today. The weakness in stocks today has boosted some liquidity demand for the dollar. Also, today’s report...
Blue Line Futures · Mon Aug 24, 6:10AM CDT
Dive into today's market action with the Blue Line Futures Metals Minute! (Episode 729)
Barchart · Mon Aug 24, 5:35AM CDT
With strong moves seen at Sunday night's open, the Grains sector showed this could be another fun week.
Barchart · Fri Aug 21, 2:34PM CDT
The dollar index (DXY00 ) fell by -0.02% on Friday, holding just above Thursday’s 3.25-month low. Strength in stocks on Friday reduced demand for dollar...
Barchart · Fri Aug 21, 9:33AM CDT
The dollar index (DXY00 ) is down by -0.03% today, holding just above Thursday’s 3.25-month low. Strength in stocks today has reduced demand for dollar...
Blue Line Futures · Fri Aug 21, 6:12AM CDT
Dive into today's market action with the Blue Line Futures Metals Minute! (Episode 728)
Barchart · 6 minutes ago
Hedge funds are divided on TSMC, but record AI-driven results and strong U.S. expansion give the bulls plenty of reason to stay confident.
Barchart · 9 minutes ago
SK hynix’s share buyback could help its stock close the valuation gap, according to Wedbush.
Barchart · 14 minutes ago
There’s major structural support in place at QQQ 700, says our top chart expert.
Barchart · 22 minutes ago
SMTC stock hasn’t had the smoothest run lately, but August 25 may bring some answers as Semtech prepares to report its quarterly earnings.
Barchart · 23 minutes ago
Benchmark raised the price target on Palo Alto Networks stock to $400. Here’s why the firm is bullish on PANW shares.
Barchart · 41 minutes ago
IBM’s latest quantum computing breakthrough strengthens its long-term growth story. But how should investors play the stock now while it is still under...
Barchart · 52 minutes ago
A Barchart report shows unusually large volume in out-of-the-money puts and calls in Intel Corp (INTC). It may indicate that investors are still bullish...
Barchart · 1 hour ago
Lean hog futures are posting modest gains on Monday, with front months a tick to 12 cents higher. USDA’s national base hog price was not reported on...