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Gold Aug '28 (GCQ28)

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Gold Futures Market News and Commentary

Dollar Slips on Dovish Bessent Comments

The dollar index (DXY00) fell by -0.28% on Monday.  The dollar settled lower on Monday, consolidating below last Friday’s 2-week high.  Comments from US Treasury Secretary Bessent weighed on the dollar Monday when he said the Fed traditionally doesn’t raise interest rates in response to a supply shock, suggesting a possible conflict with Fed Chair Warsh.  Monday’s rally in the Chinese yuan to a 3.5-year high also undercut the dollar.

However, losses in the dollar were limited on Monday as WTI crude oil rallied more than +2% to a 1-week high, which raised inflation expectations and could potentially persuade the Fed to raise interest rates, a supportive factor for the dollar.  Also, weaker stocks on Monday boosted some liquidity demand for the dollar, and higher T-note yields have strengthened the dollar’s interest rate differentials.  Finally, the dollar has some carryover support from last Friday, when Fed Chair Warsh warned inflation isn’t meaningfully slowing and vowed that... Read more

A concept image of space_ Image by Canities via Shutterstock_
This $3 Million Copper Explorer Named Three Targets. The Drill Is Next

No hole yet. NRED has not drilled Wilmac. A first hole needs a permit and financing. That being said, there's copper at surface, and targets to the west....

Image by allstars via Shutterstock
Gold Price Technical Shift: 200-Day MA Support Breached

Gold continuous daily charts signal a potential technical trend breakdown following two consecutive daily closes below the 200-day moving average.

A hundred dollar bill being torn by Alona Siniehina via iStock
Dollar Slips on Dovish Bessent Comments

The dollar index (DXY00 ) fell by -0.28% on Monday. The dollar settled lower on Monday, consolidating below last Friday’s 2-week high. Comments from...

US dollar and Yuan banknote on USA and China flags by Dilok Klaisataporn via iStock
Dollar Weakens on Strength in the Chinese Yuan

The dollar index (DXY00 ) is down by -0.16% today. The dollar is modestly lower today, consolidating below last Friday’s 2-week high. Today’s rally...

Silver bullion by SonerCdem via iStock
Gold Holds 100 DMA After Selloff! Silver $67, Hike Odds Jump to 62% | Metals Minute Phil Streible

Dive into today's market action with the Blue Line Futures Metals Minute! (Episode 735)

Commodities on laptop keyboard by Maxx-Studio via Shutterstock
Was the Commodity Complex a Case of More of the Same Monday?

A look at the headlines Monday morning gives us more fighting in the Middle East, threats in Europe, and continuing debate over Chairman Warsh's comments....

Philip Morris Stock: Is PM Outperforming the Consumer Staples Sector?

Philip Morris has surpassed the broader consumer staples sector over the past year, and analysts remain moderately optimistic about the stock’s prospects....

Is International Business Machines Stock Underperforming the S&P 500?

International Business Machines has trailed the broader S&P 500 Index over the past year and analysts are reasonably upbeat on its future outlook.

Abbott Laboratories Stock: Is ABT Underperforming the Healthcare Sector?

Despite Abbott Laboratories' underperformance relative to the healthcare sector over the past year, Wall Street analysts remain strongly optimistic about...

Nvidia Can Clearly Afford a Bigger Dividend. Why Its Payout Hasn’t Grown.

Nvidia left its quarterly dividend unchanged at $0.25 after reporting Q2 revenue of $96.2 billion, even though the company clearly has the cash to pay...

Corn Pushes Higher to Close August, as Conditions Slip

Corn futures rounded out August with contracts up 1 to 3 1/2 cents on the session. There were 90 deliveries issued against September corn on First Notice...

Cotton Rallies to Close August

Cotton futures posted 170 to 180 point gains across most front month contracts. Crude oil was $2.91 per barrel, with the US dollar index $0.293 lower....

Soybeans Close August with Gains as Condition Ratings Fall

Soybeans saw strength to close out Monday trade, with contracts steady to 7 cents higher, led by the deferreds. September was down a penny. The cmdtyView...

Hogs Rally to Close Out August

Lean hog futures were in rally mode to round out August trade, with gains of 95 cents to $1.85 at midday. USDA’s national base hog price was reported...

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