Gold Aug '24 (GCQ24)
Gold Futures Market News and Commentary
The dollar index (DXY00) fell from a 2-month high today and is down by -0.14%. The dollar gave up overnight gains and turned lower today after stocks pushed higher, which curbs liquidity demand for the dollar. Also, crude prices fell from early highs today and dragged the dollar lower after Iran signaled an end to its current military operations against Israel and President Trump said the two sides were looking to agree to an immediate ceasefire.
The dollar initially moved higher today on carryover strength from last Friday's stronger-than-expected US May payroll report, which bolstered speculation that the next Fed move will be an interest rate increase. Â Also, renewed fighting between Iran and Israel boosted some early safe-haven demand for the dollar after Israel said it struck several military targets in Iran today, retaliating against missile attacks by Iran.
The swaps markets are discounting the odds at +3% for a +25 bp rate cut hike at the next FOMC meeting on J... Read more
Barchart · Mon Jun 8, 9:28AM CDT
The dollar index (DXY00 ) fell from a 2-month high today and is down by -0.14%. The dollar gave up overnight gains and turned lower today after stocks...
EdgeClear · Mon Jun 8, 7:47AM CDT
Gold futures have been in a controlled descent since topping out near the $5,650 region, with sellers methodically stepping down offers within the broader...
Blue Line Futures · Mon Jun 8, 6:06AM CDT
Dive into today's market action with the Blue Line Futures Metals Minute! (Episode 677)
ONE44 Analytics · Sun Jun 7, 12:29PM CDT
NVDA, AMZN, INTC & The 78.6% Retracement
Barchart · Fri Jun 5, 2:31PM CDT
The dollar index (DXY00 ) on Friday rallied to a 1.75-month high and finished up by +0.66%. The dollar recovered from early losses on Friday and surged...
Barchart · Fri Jun 5, 10:54AM CDT
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Barchart · 3 minutes ago
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