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Gold Oct '23 (GCV23)

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Gold Futures Market News and Commentary

Dollar Drops on Hopes for US-Iran Diplomacy

The dollar index (DXY00) on Friday fell by -0.24%.  The dollar gave up an early advance and turned lower on Friday as stocks rallied on optimism that peace talks between the US and Iran are set to resume.  Bloomberg reported that Iranian Foreign Minister Abbas Araghchi is expected to arrive in Pakistan on Friday night for a possible second round of peace talks between the US and Iran.  Falling crude oil prices on Friday lowered inflation expectations, a dovish factor for Fed policy, and a negative factor for the dollar.  In addition, strength in stocks on Friday reduced liquidity demand for the dollar.  The dollar recovered from its worst level after the University of Michigan’s US Apr consumer sentiment index was revised higher than expected.

Heightened US-Iran tensions are boosting safe-haven demand for the dollar.  The US and Iran are locked in a battle for control of the Strait of Hormuz, with both sides blocking the waterway to gain leverage during an extended ceasefire. ... Read more

A one dollar bill floating in water by Wirestock via iStock
Dollar Drops on Hopes for US-Iran Diplomacy

The dollar index (DXY00 ) on Friday fell by -0.24%. The dollar gave up an early advance and turned lower on Friday as stocks rallied on optimism that...

Gold bullion stacked by Steve Bidmead via Pixabay
Can Gold Decline... When Ceasefire Escalates? Apparently Yes.

Absurd? Perhaps. But it's still taking place.

A hundred dollar bill being torn by Alona Siniehina via iStock
Dollar Declines on Iran Peace Optimism

The dollar index (DXY00 ) today is down by -0.16%. The dollar gave up an early advance and turned lower today as stocks rallied on optimism that peace...

Pile of money with hands by Sergey Nazarov via iStock
Dollar Climbs as Crude Prices Jump and Stocks Fall

The dollar index (DXY00 ) climbed to a 1.5-week high on Thursday and finished up by +0.22%. The dollar remains supported amid persistent tensions in the...

Pile of money by Atlantagreg via iStock
Middle East Tensions Support the Dollar

The dollar index (DXY00 ) today climbed to a 1.5-week high and is up by +0.04%. The dollar remains supported amid persistent tensions in the Middle East,...

Puzzle of money by TPopova via iStock
Dollar Recovers on Rising Tensions Over the Strait of Hormuz

The dollar index (DXY00 ) on Wednesday rose to a 1-week high and finished up by +0.20%. The dollar found support on Wednesday as the escalation of the...

Dollar Weakens and Gold Falls on New Iran Proposal to End War

The dollar index (DXY00 ) today is down by -0.19%. The dollar fell from a 2.5-week high today and turned lower after Axios reported that Iran has offered...

1 Top Semiconductor Stock Nobody Is Talking About

Lam stock is up 52% YTD, beating Nvidia, Alphabet, and Apple. Yet, it isn’t making headlines.

This Trump Policy Shift Could Be a Game Changer for Cannabis Stocks: 2 Stocks to Watch Now

A federal shift toward Schedule 3 may boost cannabis stocks, even as recreational use remains restricted.

Amazon Stock Surges Ahead of Q1 Earnings: What Lies Ahead?

Amazon’s Q1 will reflect strong revenue momentum. However, profitability may face short-term headwinds due to heavy investment.

This Analyst Just Cut Their Rating on DraftKings Stock. Here's Why.

MoffettNathanson downgraded DraftKings shares to neutral. Here’s what made analysts turn dovish on DKNG stock.

With Aluminum Prices Soaring, This Stock Is Up 230% in the Past Year

Constellium SE (CSTM) exhibits strong technical momentum and is trading near new all-time highs. CSTM has delivered a 234.19% gain over the past 52 weeks,...

Should You Buy the Dip in Eli Lilly Stock Today?

Eli Lilly shares sink as data shows Foundayo trailing Novo’s oral Wegovy. But there’s reason to consider buying LLY shares on the dip today.

Intel Just Hit an All-Time High Above $85. Here Are 2 Options Trades That Pay You as the Comeback Continues.

Intel’s rebound has lifted volatility. Here’s how cash-secured puts and bull put spreads can turn that comeback into options income.

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