Gold Aug '24 (GCQ24)
Gold Futures Market News and Commentary
The dollar index (DXY00) on Monday fell by -0.04%.  The dollar was under pressure on Monday as stocks recovered on hopes for a ceasefire in Iran, curbing liquidity demand for the dollar. Axios reported that the US, Iran, and a group of regional mediators are discussing the terms for a potential 45-day ceasefire that could lead to a permanent end to the war. The dollar also fell after the Mar ISM services index fell more than expected.
However, the dollar recovered most of its losses Monday afternoon when President Trump threatened escalation of the war in Iran if there is no deal to reopen the Strait of Hormuz by Tuesday.
The US Mar ISM services index fell -2.1 to 54.0, weaker than expectations of 54.9. The Mar ISM services prices paid sub index rose +7.7 to a 3.5-year high of 70.7, stronger than expectations of 67.0.
Swaps markets are discounting the odds at 1% for a +25 bp rate hike at the April 28-29 FOMC meeting.
The dollar continues to be undercut by a... Read more
Barchart Mon Apr 6, 2:37PM CDT
The dollar index (DXY00 ) on Monday fell by -0.04%. The dollar was under pressure on Monday as stocks recovered on hopes for a ceasefire in Iran, curbing...
Barchart Mon Apr 6, 9:33AM CDT
The dollar index (DXY00 ) today is down by -0.15%. The dollar is under pressure today as stocks recover on hopes for a ceasefire in Iran, curbing liquidity...
EdgeClear Mon Apr 6, 8:09AM CDT
Copper futures remain locked in a broad consolidation as competing macro forces continue to drive two way volatility. Trade policy uncertainty, geopolitical...
Blue Line Futures Mon Apr 6, 7:37AM CDT
Gold and silver move higher as the dollar and oil pull back, with Phil Streible breaking down the key events the market is watching and the metals setup...
Wavetraders Fri Apr 3, 5:11AM CDT
Silver remains under pressure after a sharp decline from highs, with wave four correction still in play. Current structure suggests another leg lower may...
Barchart Thu Apr 2, 2:32PM CDT
The dollar index (DXY00 ) on Thursday rose by +0.36%. Thursday's decline in equity markets boosted liquidity demand for the dollar. Also, Wednesday night's...
Barchart 3 minutes ago
Microsoft is prepared to release its third-quarter results soon, with analysts predicting a double-digit earnings growth.
Barchart 4 minutes ago
GE Aerospace will release its first-quarter earnings later this month, and analysts anticipate a high single-digit bottom-line growth.
Barchart 8 minutes ago
Mizuho says investors should use this opportunity to buy the dip in memory stocks like Micron and Sandisk.
Barchart 11 minutes ago
Live cattle futures posted gains of 40 to 90 cents on Monday, with front month April up $1.825. There were no deliveries issued for April on First Notice...
Barchart 11 minutes ago
Corn prices are down 1 to 2 cents on Tuesday morning. Futures got a pop coming out of the Easter holiday weekend, with contracts closing 1 ¾ to 2 ½ cents...
Barchart 11 minutes ago
Soybeans are down 1 to 2 cents early on Tuesday. Futures posted gains on Monday, with contracts 3 to 5 1/2 cents higher at the post-Easter close. Open...
Barchart 11 minutes ago
Cotton price action is up 12 to 34 points so far on Tuesday AM trade. Futures posted 22 to 79 points across most contracts on Monday, with the front months...
Barchart 11 minutes ago
Lean hog futures saw gains of as little as 12 cents to $3.22 across the board on Monday. Open interest suggested some shorts covering, down 1,480 contracts....
