Gold Aug '28 (GCQ28)
Gold Futures Market News and Commentary
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
Ivan Patriki · Mon Aug 31, 8:00PM CDT
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....
Klarenbach Research · Mon Aug 31, 5:03PM CDT
Gold continuous daily charts signal a potential technical trend breakdown following two consecutive daily closes below the 200-day moving average.
Barchart · Mon Aug 31, 2:32PM CDT
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...
Barchart · Mon Aug 31, 9:31AM CDT
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...
Blue Line Futures · Mon Aug 31, 6:24AM CDT
Dive into today's market action with the Blue Line Futures Metals Minute! (Episode 735)
Barchart · Mon Aug 31, 6:10AM CDT
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....
Barchart · 3 minutes ago
Philip Morris has surpassed the broader consumer staples sector over the past year, and analysts remain moderately optimistic about the stock’s prospects....
Barchart · 12 minutes ago
International Business Machines has trailed the broader S&P 500 Index over the past year and analysts are reasonably upbeat on its future outlook.
Barchart · Mon Aug 31, 9:40PM CDT
Despite Abbott Laboratories' underperformance relative to the healthcare sector over the past year, Wall Street analysts remain strongly optimistic about...
Barchart · Mon Aug 31, 6:30PM CDT
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...
Barchart · Mon Aug 31, 5:11PM CDT
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...
Barchart · Mon Aug 31, 5:11PM CDT
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....
Barchart · Mon Aug 31, 5:11PM CDT
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...
Barchart · Mon Aug 31, 5:11PM CDT
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...