Gold Oct '17 (GCV17)
Gold Futures Market News and Commentary
The dollar index (DXY00) on Thursday rose by +0.35%. The dollar found support from strong US interest rate differentials, as the 10-year T-note yield rose by +4 bp and posted a new 1.5-year high amid Thursday's surge in oil prices of more than +6%. The dollar also saw support from Thursday's US unemployment claims report, which showed a slightly stronger US labor market than market expectations.Â
The dollar also saw safe-haven demand after the Iran-backed Houthis launched a missile and drone attack on two Saudi Arabian oil tankers in the Red Sea, expanding the oil disruptions beyond the Strait of Hormuz and threatening oil shipments in the Red Sea. President Trump responded by saying he will hold Iran responsible for the Houthi attacks and telling Axios in an interview on Thursday that he is considering a "massive attack" that would be "bigger than ever before" and is "close to making a decision on it."
The Houthis have vowed to blockade shipping linked to Saudi Arabia... Read more
Barchart · 51 minutes ago
The dollar index (DXY00 ) on Thursday rose by +0.35%. The dollar found support from strong US interest rate differentials, as the 10-year T-note yield...
Barchart · 1 hour ago
While the U.S. dollar index measures the U.S. currency against other leading world reserve currencies, it can be a useless metric when all index components...
Barchart · Thu Jul 23, 9:54AM CDT
The dollar index (DXY00 ) is up +0.37%. The dollar is finding support from strong US interest rate differentials, as the 10-year T-note yield rose by...
Blue Line Futures · Thu Jul 23, 6:05AM CDT
Dive into today's market action with the Blue Line Futures Metals Minute! (Episode 707)
Barchart · Wed Jul 22, 2:35PM CDT
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