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Gold Oct '17 (GCV17)

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Gold Futures Market News and Commentary

Dollar Rises on Houthi Tanker Attack and Higher Oil Prices

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. 

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

British Pound, European Euro, American Dollar and Japanese Yen Currency by Virrage Images via Shutterstock
Dollar Rises on Houthi Tanker Attack and Higher Oil Prices

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...

Forex by bigjom jom via Shutterstock
Why is the Dollar Index a Mirage?

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...

US dollar background by Iluhanos via iStock
Dollar Rises on Houthi Tanker Attack and Higher Oil Prices

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...

Shinny gold bullion by Million Photos via Shutterstock
Gold & Silver Decline Overnight! Is the Precious Metals Rally OVER? Cotton on My Radar | Metals Minute Phil Streible

Dive into today's market action with the Blue Line Futures Metals Minute! (Episode 707)

Money transfer Global Currency by Panuwatccn via Shutterstock
Dollar Eases on Euro and Yen Strength

The dollar index (DXY00 ) fell by -0.04% on Wednesday. The dollar posted modest losses on Wednesday amid a mild recovery in the euro and the yen. The...

British Pound, European Euro, American Dollar and Japanese Yen Currency by Virrage Images via Shutterstock
Dollar Slightly Lower as the Yen Recovers

The dollar index (DXY00 ) is down by -0.10% today. The dollar is under modest pressure today amid a recovery in the yen, which rose from a 39-year low...

LMT Stock Soars as Lockheed Martin Raises Annual Forecast

Lockheed Martin stock rallies on blockbuster Q2 earnings and raised full-year guidance. Options pricing suggests continued gains ahead in LMT shares.

Google Stock: Blowout Q2 But AI Spending Spree Spooked Wall Street

The one number that overshadowed Google's blowout quarter.

Dollar Rises on Houthi Tanker Attack and Higher Oil Prices

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...

Meta’s $10 Billion Anthropic Deal Could Change the AI Story. How to Play META Stock Here.

A potential $10 billion compute-leasing deal with Anthropic could mark Meta's first major step toward generating revenue from its massive AI infrastructure...

Microsoft Earnings Preview: Get Ready for Soaring AI Spending to Sink MSFT Stock

Although Microsoft stock looks historically cheap, concerns about massive AI spending could overshadow strong earnings and send shares lower.

Nat-Gas Prices Fade Mildly But See Support from Hotter US Weather Forecasts

August Nymex natural gas (NGQ26 ) on Thursday closed down -0.009 (-0.31%), giving back part of Wednesday's rally of +2.09%. Nat-gas prices fell back as...

NOW Stock in Focus as ServiceNow Boosts Annual Forecast

ServiceNow stock rallies on market-beating Q2 and raised future guidance. Cantor Fitzgerald sees massive further upside in NOW shares.

J&J Finally Has a Rival to da Vinci. 1 Number in Intuitive Surgical’s Last Quarter Says It Won’t Be Enough to Move the Needle for JNJ Stock.

J&J’s Ottava clearance knocked Intuitive's shares lower, but recurring revenue and surgeon switching costs suggest the market overreacted.

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