Gold Oct '21 (GCV21)
Gold Futures Market News and Commentary
The dollar index (DXY00) rose by +0.26% on Thursday. The dollar rallied on Thursday amid favorable US economic news. Weekly jobless claims rose less than expected, Q2 nonfarm productivity rose more than expected, and Q2 unit labor costs rose less than expected. Gains in the dollar accelerated on Thursday after WTI crude oil prices rose more than +2%, raising inflation expectations and a hawkish factor for Fed policy.
The dollar also found support from Thursday’s Financial Times report that said Fed Chair Warsh is willing to raise interest rates at the September FOMC meeting if inflation firms and market expectations shift further towards tightening in the coming months.
US weekly initial unemployment claims rose by +1,000 to 199,000, showing a stronger labor market than expectations of 205,000.
US Q2 nonfarm productivity rose +1.4%, stronger than expectations of +0.6%. Q2 unit labor costs rose +1.3%, less than expectations of +2.1%.
The markets are discou... Read more
Barchart · 1 hour ago
The dollar index (DXY00 ) rose by +0.26% on Thursday. The dollar rallied on Thursday amid favorable US economic news. Weekly jobless claims rose less...
Barchart · Thu Aug 6, 9:42AM CDT
The dollar index (DXY00 ) is up by +0.17% today. The dollar is moving higher today on some favorable US economic news. Weekly jobless claims rose less...
Blue Line Futures · Thu Aug 6, 6:11AM CDT
Metals Minute Phil Streible | Dive into today's market action with the Blue Line Futures Metals Minute! (Episode 717)
Barchart · Wed Aug 5, 2:35PM CDT
The dollar index (DXY00 ) fell by -0.17% on Wednesday. The dollar fell on Wednesday after the S&P 500 climbed to a new record high, reducing demand for...
Klarenbach Research · Wed Aug 5, 11:26AM CDT
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Barchart · Wed Aug 5, 9:35AM CDT
The dollar index (DXY00 ) is down by -0.20% today. The dollar is falling today as stock strength has reduced demand for liquidity in the dollar. Also,...
Barchart · 39 minutes ago
E.L.F. Beauty shares rally on $50 million tariff refunds and blowout Q2 earnings. Here’s how you should play ELF shares after the quarterly print.
Barchart · 47 minutes ago
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Barchart · 48 minutes ago
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Barchart · 54 minutes ago
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Barchart · 1 hour ago
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