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Gold Sep '11 (GCU11)

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Gold Futures Market News and Commentary

Dollar Rises With T-note Yields

The dollar index (DXY00) on Wednesday rose by +0.19%.  The dollar moved higher on Wednesday as T-note yields rose after Fed Chair Warsh provided no guidance on interest rates at a meeting of central bankers in Portugal.  The dollar also found support after the euro weakened following the Eurozone June CPI report, which showed prices rose less than expected.  In addition, Wednesday’s decline in the yen to a new 39-year low is dollar-supportive. 

The dollar fell back from its best level on Wednesday after the Jun ADP employment change rose less than expected and the Jun ISM manufacturing index fell more than expected. Also, Wednesday’s decline in WTI crude oil to a 4.25-month low eases inflation expectations and may prompt the Fed to ease monetary policy, a negative factor for the dollar. 

The US Jun ADP employment change rose by +98,000, showing a weaker labor market than expectations of +120,000.

The US Jun ISM manufacturing index fell -0.7 to 53.3, weaker than exp... Read more

Gold bullion stacked by Steve Bidmead via Pixabay
Gold & Silver Flat Ahead of Today's Payroll Data | The Number to Watch |Metals Minute Phil Streible

Dive into today's market action with the Blue Line Futures Metals Minute! (Episode 693)

The White House at sunset by idesignimages via iStock
Which Version of "Independence Day" Will the Markets Choose Thursday?

There is plenty for the markets to take in this last trading day of the week.

Pile of money by Atlantagreg via iStock
Dollar Rises With T-note Yields

The dollar index (DXY00 ) on Wednesday rose by +0.19%. The dollar moved higher on Wednesday as T-note yields rose after Fed Chair Warsh provided no guidance...

British Pound, European Euro, American Dollar and Japanese Yen Currency by Virrage Images via Shutterstock
Dollar Supported by Euro and Yen Weakness

The dollar index (DXY00 ) today is up by +0.13%. The dollar is moving higher today amid weakness in the euro after the Eurozone June CPI report showed...

Bull vs bear fork in the road by Lightspring via Shutterstock
June’s Top Commodity Performers and Underperformers

Commodity prices declined in June as the dollar index rallied and interest rates remained elevated. Precious metals and energy commodities posted the most...

Shinny gold bullion by Million Photos via Shutterstock
Gold & Silver Drop Overnight | Reset to Setup | Warsh in Focus | Metals Minute Phil Streible

Dive into today's market action with the Blue Line Futures Metals Minute! (Episode 693)

Back-to-Back Upgrades Signal Rising Institutional Support for FuelCell Energy Stock

FuelCell Energy has received a "Buy" from R. Riley just days after Jefferies' stock upgrade.

Which Version of "Independence Day" Will the Markets Choose Thursday?

There is plenty for the markets to take in this last trading day of the week.

1 High-Probability Iron Condor Trade on Broadcom Stock to Make Now with 29% Return Potential

Broadcom is currently a compelling candidate for an iron condor strategy with the stock being stuck in between the 50 and 200-day moving averages.

SLB N.V.'s Quarterly Earnings Preview: What You Need to Know

SLB N.V. is set to announce its second-quarter earnings soon, and Wall Street expects a double-digit decline in its profits.

Here's What to Expect From Rollins’ Next Earnings Report

As Rollins gears up to reveal its second-quarter earnings report soon, analysts forecast double-digit profit growth.

Nasdaq Futures Slip as Chip Stocks Extend Slide, U.S. Jobs Report in Focus

September Nasdaq 100 E-Mini futures (NQU26) are down -0.30% this morning, pointing to further losses after semiconductor stocks led Wall Street lower in...

What to Expect From CenterPoint Energy's Q2 2026 Earnings Report

CenterPoint Energy is set to announce its second-quarter earnings soon, and Wall Street expects the company’s EPS to increase by double digits.

Westinghouse Air Brake Earnings Preview: What to Expect

Westinghouse Air Brake is set to announce its second-quarter earnings next month, and Wall Street expects a double-digit rise in its profits.

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