Gold Aug '21 (GCQ21)
Gold Futures Market News and Commentary
The dollar index (DXY00) on Monday rose by +0.28% on safe-haven demand after Iran said it had halted ceasefire talks with the US, which raised the potential threat of a resumed full-scale US attack on Iran. That report prompted a rally of more than +5% in crude oil prices, which in turn prompted a +4 bp rise in the 10-year T-note yield and supported the dollar’s interest rate differentials.Â
The dollar also saw support after the May US manufacturing PMI rose +1.3 points to 54.0, stronger than expectations for a +0.3 point rise to 53.0. However, S&P’s final-May manufacturing PMI was revised -0.2 points lower to 55.1 from the preliminary report of 55.3, versus expectations for an unrevised report. On a positive inflation note, the May ISM prices-paid index fell by -2.5 points to 82.1 from 84.6, weaker than expectations for a +0.4 point rise to 85.0.Â
The swaps markets are discounting the odds at 2% for a +25 bp rate cut hike at the next FOMC meeting on June 16-17.
Barchart · Mon Jun 1, 2:50PM CDT
The dollar index (DXY00 ) on Monday rose by +0.28% on safe-haven demand after Iran said it had halted ceasefire talks with the US, which raised the potential...
Barchart · Mon Jun 1, 10:02AM CDT
A stronger dollar, weaker bonds, and uncertainty on the economic and geopolitical landscapes weighed on many commodities in May 2026. Many commodities...
Barchart · Mon Jun 1, 9:57AM CDT
The dollar index (DXY00 ) is up +0.42% on safe-haven demand after Iran said it halted ceasefire talks with the US, which could prompt a new large-scale...
EdgeClear · Mon Jun 1, 7:59AM CDT
HG copper has staged a meaningful technical recovery from its March lows, breaking above the key 6.15 level in mid-May after months of range-bound price...
Blue Line Futures · Mon Jun 1, 6:21AM CDT
Dive into today's early market action with the Blue Line Futures Metals Minute! (Episode 671)
Gold Price Forecast · Mon Jun 1, 4:13AM CDT
And we've seen what this means before.
Barchart · 55 minutes ago
As Analog Devices has surpassed the S&P 500 Index over the past year, analysts are bullish about the stock’s prospects.
Barchart · Mon Jun 1, 6:30PM CDT
Lowe’s Companies raised its quarterly dividend by 4.2% to $1.25 per share, marking its 55th consecutive year of increases and reinforcing its status...
Barchart · Mon Jun 1, 5:24PM CDT
Cotton futures were up 36 to 62 points in most contracts on Monday. The US dollar index was $0.288 lower at $98.140. Crude Oil as up $5.26 at the close....
Barchart · Mon Jun 1, 5:24PM CDT
Soybeans closed the Monday session with contracts down 1 to 6 cents. The cmdtyView national average Cash Bean price was down 3 3/4 cents at $11.21 1/4....
Barchart · Mon Jun 1, 5:24PM CDT
Lean hog futures are trading with losses of 75 cents to $1.12 at the close, with July 35 cents higher. USDA’s national base hog price was reported at...
Barchart · Mon Jun 1, 5:24PM CDT
The wheat complex saw losses across all three markets on Monday. Chicago SRW futures were fractionally to 2 ¾ cents lower on the day. KC HRW futures were...
Barchart · Mon Jun 1, 5:24PM CDT
Corn futures posted losses of 2 to 3 cents in the front months, with a few deferred contracts fractionally to 1 ½ cents higher. The CmdtyView national...
Barchart · Mon Jun 1, 5:24PM CDT
Live cattle futures saw gains of 75 cents to $2.05 across the board on Monday. Cash trade felt softer last week to $255-258 across the country. Feeder...
