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Gold Aug '21 (GCQ21)

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Gold Futures Market News and Commentary

Dollar Gains on Weak Stocks

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

Pile of money by Atlantagreg via iStock
Dollar Gains on Weak Stocks

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...

Gold bars in a neat row by PublicDomainPictures via Pixabay
Gold Blasts Past 200 DMA! Silver at $69, Can We Hit $5,000 This Week? | Metals Minute Phil Streible

Dive into today's market action with the Blue Line Futures Metals Minute! (Episode 729)

Open corn cob with green leaves via Kwangmoozaa via iStock
Why This Week Looks to Be Fun

With strong moves seen at Sunday night's open, the Grains sector showed this could be another fun week.

Puzzle of money by TPopova via iStock
Dollar Ends Little Changed as Stocks Rally

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...

A concept image of a man carrying a bag that says debt on his back by Dilok Klaisataporn via Shutterstock
Dollar Little Changed as Stocks Climb and Crude Oil Stabilizes

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...

Gold bullion stacked by Steve Bidmead via Pixabay
Silver Up 19% in August, Gold RIPS Through $4,640! Is $5,000 Next? | Metals Minute Phil Streible

Dive into today's market action with the Blue Line Futures Metals Minute! (Episode 728)

George Soros Quietly Raised His Taiwan Semi Stake by 1,000%. Here’s Why You Should Be Buying Too.

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.

SK hynix Could Close Its Valuation Gap Soon, Says Wedbush. That’s Good News for SKHY Stock.

SK hynix’s share buyback could help its stock close the valuation gap, according to Wedbush.

QQQ is Still in a Negative Gamma Regime. Here’s How a ‘Put Wall’ and Fibonacci Support Could Come Into Play.

There’s major structural support in place at QQQ 700, says our top chart expert.

Dear Semtech Stock Fans, Mark Your Calendars for August 25

SMTC stock hasn’t had the smoothest run lately, but August 25 may bring some answers as Semtech prepares to report its quarterly earnings.

This Analyst Just Upped Its Price Target on Palo Alto Networks Stock. Here's Why.

Benchmark raised the price target on Palo Alto Networks stock to $400. Here’s why the firm is bullish on PANW shares.

IBM Just Hit a New Quantum Computing Milestone. How to Play IBM Stock Now.

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...

Huge, Unusual Put and Call Option Volume in Intel - Investors Bullish as INTC Drops

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...

Hogs Trading on the Higher Side at Midday

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...

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