Gold Aug '24 (GCQ24)
Gold Futures Market News and Commentary
The dollar index (DXY00) on Monday fell by -0.05%. The dollar fell from a 2.5-week high on Monday and finished lower after Axios reported that Iran has offered a new proposal to reopen the Strait of Hormuz. The dollar initially moved higher in overnight trade after President Trump canceled planned negotiations with Iran in Pakistan.  Higher crude oil prices on Monday increased inflation expectations, a hawkish factor for Fed policy, and positive for the dollar.Â
Heightened US-Iran tensions are boosting demand for the dollar as a safe-haven. The US and Iran are locked in a battle for control of the Strait of Hormuz, with both sides blocking the waterway to gain leverage during an extended ceasefire.Â
Axios reported that Iran has given the US a new proposal to reopen the Strait of Hormuz and end the war. The plan calls for extending the ceasefire so the parties can work toward a permanent end to the war, and nuclear talks would come later, only after a US blockade of t... Read more
Barchart · Mon Apr 27, 2:32PM CDT
The dollar index (DXY00 ) on Monday fell by -0.05%. The dollar fell from a 2.5-week high on Monday and finished lower after Axios reported that Iran has...
Barchart · Mon Apr 27, 9:31AM CDT
The dollar index (DXY00 ) today is down by -0.19%. The dollar fell from a 2.5-week high today and turned lower after Axios reported that Iran has offered...
Barchart · Fri Apr 24, 2:33PM CDT
The dollar index (DXY00 ) on Friday fell by -0.24%. The dollar gave up an early advance and turned lower on Friday as stocks rallied on optimism that...
Gold Price Forecast · Fri Apr 24, 11:41AM CDT
Absurd? Perhaps. But it's still taking place.
Barchart · Fri Apr 24, 9:32AM CDT
The dollar index (DXY00 ) today is down by -0.16%. The dollar gave up an early advance and turned lower today as stocks rallied on optimism that peace...
Barchart · Thu Apr 23, 2:37PM CDT
The dollar index (DXY00 ) climbed to a 1.5-week high on Thursday and finished up by +0.22%. The dollar remains supported amid persistent tensions in the...
Barchart · 11 minutes ago
Cotton price action is up 39 to 50 points early on Monday. Futures closed the Monday session with contracts 22 to 55 points in the green. The US dollar...
Barchart · 11 minutes ago
Corn price action is up 2 ¼ to 3 ¼ cents in the front months early on Tuesday. Futures posted Monday gains of 1 ¼ to 5 ¾ cents across the board on...
Barchart · 11 minutes ago
Live cattle futures were up $2.12 to $3.72 at the close on Monday. Open interest was up 3,518 contracts, suggesting new buying interest. Cash trade last...
Barchart · 11 minutes ago
Lean hog futures were down 12 cents to up a 27 cents across the board on Monday. Open interest was up 2,164 on Monday, suggesting modest new buying. USDA’s...
Barchart · 11 minutes ago
Soybeans are showing modest weakness on Tuesday morning, with contracts fractionally to a couple cents lower. Futures were up 10 to 13 1/2 cents across...
Barchart · 11 minutes ago
Wheat is in rally mode early on Tuesday, as contracts are up 8 to 15 cents across the three markets. The wheat complex saw strength across most contracts...
Barchart · 36 minutes ago
Bank of America Corporation has outperformed the broader market over the past year, and Wall Street analysts remain reasonably bullish on its outlook.
Barchart · 39 minutes ago
Exxon Mobil has outperformed the S&P 500 Index over the past year, and Wall Street analysts are still cautiously upbeat about its outlook going forward....
