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Gold Aug '24 (GCQ24)

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Gold Futures Market News and Commentary

Dollar Little Changed as Crude Prices Soar and T-note Yields Fall

The dollar index (DXY00) finished little changed on Friday.  The dollar found some support from Friday’s +4% jump in WTI crude oil prices, which raises inflation expectations and could prompt the Fed to pursue tighter monetary policy, a supportive factor for the dollar.  Also, Friday’s stock selloff boosted liquidity demand for the dollar.  Friday’s US economic news was mixed for the dollar, with housing starts and consumer sentiment stronger than expected, but building permits and manufacturing production below expectations.  The dollar gave up its gains on Friday as T-note yields declined, which weakened the dollar’s interest rate differentials. 

US Jun housing starts rose +19.0% m/m to 1.427 million, stronger than expectations of 1.310 million.  However, Jun building permits, a proxy for future construction, fell -3.0% to 1.367 million, below expectations of 1.403 million.

US Jun manufacturing production was unchanged m/m, weaker than expectations of +0.1% m/m.

... Read more

Puzzle of money by TPopova via iStock
Dollar Little Changed as Crude Prices Soar and T-note Yields Fall

The dollar index (DXY00 ) finished little changed on Friday. The dollar found some support from Friday’s +4% jump in WTI crude oil prices, which raises...

Money transfer Global Currency by Panuwatccn via Shutterstock
Dollar Finds Support from Weak Stocks and Surging Crude Prices

The dollar index (DXY00 ) is up by +0.03% today. The dollar found support from today's +3% jump in WTI crude oil prices, which raises inflation expectations...

Silver bullion by SonerCdem via iStock
Are Dip Buyers & Value Investors FINALLY Coming back to Precious Metals? Metals Minute Phil Streible

Dive into today's market action with the Blue Line Futures Metals Minute! (Episode 703)

Pile of money with hands by Sergey Nazarov via iStock
Dollar Boosted by US Economic Strength and Hawkish Fed Comments

The dollar index (DXY00 ) rose by +0.27% on Thursday. The dollar rallied on Thursday as better-than-expected US economic reports signaled economic strength...

A U_S_ banknote that is digitally warped by Ruslan Lytvyn via Shutterstock
Dollar Boosted by Better-Than-Expected US Economic News

The dollar index (DXY00 ) is up by +0.18% today. The dollar is moving higher today as better-than-expected US economic reports signal economic strength....

Gold bullion rounded by istara via Pixabay
Waiting For A Trigger, Ready To Slide

Make the most of it.

Oppenheimer Downgraded IBM Following Its Sharp Post-Earnings Drop. What the Warning Means for IBM Stock.

With Oppenheimer's downgrade and a complete withdrawal of its price target following IBM's 25% single-day post-earnings drop, where will IBM go from here?...

Elon Musk Says If SpaceX Accomplishes Its Goals, ‘It Will Be Worth More Than The Rest of Earth’ — Though He’s Also Said ‘Money Will Stop Being Relevant’

Musk believes SpaceX could one day be worth more than the rest of Earth if it achieves its goals, despite previously arguing that money may eventually...

Synopsys Should Benefit No Matter Who Wins The AI Race. Here’s What Explains Its Poor Stock Performance.

Synopsys makes the software every chipmaker needs, so it profits regardless of who wins the AI race. Yet its stock fell after a strong quarter, and the...

What a New Uber Eats Deal Means for GameStop Stock

GameStop’s new Uber Eats partnership could strengthen the retailer’s omnichannel strategy. So, is now the time to invest in it?

Taiwan Semiconductor’s $100 Billion Arizona Expansion Is a Bullish Sign for Investors

TSMC stock still looks like a 'Buy' after its latest earnings print.

Netflix Tanks on Lower Margins and Flat Outlook - Time to Buy NFLX?

Netflix stock closed down over 7% on Friday after Thursday's Q2 earnings release. Netflix's operating margins were lower YoY but higher than last quarter...

Apple Intelligence Just Got the Green Light in China. What That Means for AAPL Stock.

Apple has unlocked a major AI opportunity in China in partnership with Alibaba, and the regulatory green light could become a powerful long-term catalyst...

Lionsgate Stock Surges on Buyout Buzz. How to Play LION Here.

Lionsgate Studios stock jumped after reports that multiple strategic buyers are evaluating a takeover, putting renewed attention on the company's improving...

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