Gold Oct '10 (GCV10)
Gold Futures Market News and Commentary
The dollar index (DXY00) on Tuesday fell by -0.12%.  Tuesday's -3% plunge in WTI crude oil prices to a 7-week low lowered inflation expectations, which could prompt the Fed to pursue easier monetary policy, a bearish factor for the dollar. Also, lower T-note yields on Tuesday weakened the dollar's interest rate differential, which was negative for the dollar.Â
The dollar recovered from its worst level on Tuesday amid better-than-expected US economic news. The Apr trade deficit eased to -$55.9 billion from -$56.6 billion in Mar, narrower than the -$56.1 billion expected. Also, May existing home sales rose +3.2% m/m to a 5-month high of 4.17 million, stronger than expectations of 4.07 million. In addition, Tuesday's stock slump boosted liquidity demand for the dollar.
President Trump on Tuesday predicted a swift end to the war with Iran and a subsequent fall in oil prices, and said, "We're in the final throes of what will be a very, very good deal, and that they could... Read more
Blue Line Futures · 1 hour ago
Dive into today's market action with the Blue Line Futures Metals Minute! (Episode 679)
Barchart · Tue Jun 9, 2:31PM CDT
The dollar index (DXY00 ) on Tuesday fell by -0.12%. Tuesday's -3% plunge in WTI crude oil prices to a 7-week low lowered inflation expectations, which...
Blue Line Futures · Tue Jun 9, 6:24AM CDT
Dive into today's market action with the Blue Line Futures Metals Minute! (Episode 678)
Barchart · Mon Jun 8, 2:32PM CDT
The dollar index (DXY00 ) fell from a 2-month high on Monday, finishing down 0.06%. The dollar gave up overnight gains and finished slightly lower on...
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...
Barchart · 1 minute ago
Xylem has underperformed the Dow over the past year, but analysts are cautiously optimistic about the stock’s prospects.
Barchart · 7 minutes ago
DuPont de Nemours has outperformed the Nasdaq over the past year, and analysts are highly optimistic about the stock’s prospects.
Barchart · 13 minutes ago
Despite GE HealthCare's underperformance relative to the S&P 500 Index over the past year, analysts are moderately optimistic about the stock’s prospects....
Barchart · 13 minutes ago
Vistra has underperformed the S&P 500 over the past year, but analysts are highly optimistic about the stock’s prospects.
Barchart · 19 minutes ago
Cotton trading with early Wednesday gains of 23 to 71 points. Futures posted losses of 143 to 231 across most contracts on Tuesday. The outside factors...
Barchart · 19 minutes ago
Lean hog futures posted losses of 45 cents to $1.45 on Tuesday. Open interest suggested a rotation of ownership, up just 40 contracts. USDA’s national...
Barchart · 19 minutes ago
Corn prices are up 3 to 5 cents so far on Wednesday morning. Futures fell back off midday gains on Tuesday, with contracts steady to 1 ½ cents lower,...
Barchart · 19 minutes ago
Live cattle futures saw gains of $1.50 to $2.97 most contracts on Tuesday. There were no deliveries issued on Tuesday, with the oldest long dated August...