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Gold Oct '23 (GCV23)

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[[ timeframe ]] futures price quotes as of Thu, Aug 6th, 2026.
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Gold Futures Market News and Commentary

Dollar Slides on Stock Strength and Weakness in US Economic Reports

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 dollar liquidity.  Also, Wednesday’s weaker-than-expected reports on July ADP employment and July ISM services were bearish for the dollar.  Losses in the dollar are limited on hawkish comments from Kansas City Fed President Jeff Schmid and Minneapolis Fed President Neel Kashkari, who said tighter Fed policy was needed to reduce inflation.

The US July ADP employment change rose by +44,000, weaker than expectations of +65,000.

The US July ISM services index rose +0.1 to 54.1, weaker than expectations of 54.5.  The July ISM services price paid sub-index unexpectedly rose +2.6 to 70.3, stronger than expectations of a decline to 65.0.

Tuesday evening, Kansas City Fed President Jeff Schmid said, “Given the strength of demand and investment, I do not see the current stance of monetary policy as restrictive.  As such, I be... Read more

A one dollar bill floating in water by Wirestock via iStock
Dollar Slides on Stock Strength and Weakness in US Economic Reports

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...

Gold bullion rounded by istara via Pixabay
Gold Breaches 50-Day Moving Average: Real Rally or Bull Trap?

Gold bugs are celebrating another breakout above the trendline and 50-day moving average. However, with the 50-day MA still declining, caution is warranted...

A hundred dollar bill being torn by Alona Siniehina via iStock
Dollar Slides on Stock Strength and Weakness in US Economic Reports

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,...

Copper pipes by Dijana via Pixabay
Metals analysis for the intraday futures market participant

We review our metals setups for the day

Silver bullion by SonerCdem via iStock
Precious Metals Explode Higher! Here's the Key Drivers & Levels to Watch in Gold & Silver | Metals Minute Phil Streible

Dive into today's market action with the Blue Line Futures Metals Minute! (Episode 716)

Puzzle of money by TPopova via iStock
Strength in Stocks and Lower Crude Prices Weigh on the Dollar

The dollar index (DXY00 ) fell by -0.03% on Tuesday. The dollar was under pressure Tuesday as hopes for a deal to reopen the Strait of Hormuz have boosted...

What Are Wall Street Analysts' Target Price for Southern Company Stock?

Despite Southern Company's lackluster share price performance over the past year, Wall Street remains cautiously optimistic about the utility's long-term...

Are Wall Street Analysts Bullish on Tyson Foods Stock?

Tyson Foods may have trailed the S&P 500 over the past year, but Wall Street isn't ready to give up on the stock, with analysts remaining moderately optimistic...

Weyerhaeuser Company Stock: Is Wall Street Bullish or Bearish?

Weyerhaeuser stock has underperformed the broader market over the past year, while analysts remain fairly bullish about its prospects.

EQT Corporation Stock Outlook: Is Wall Street Bullish or Bearish?

Shares of EQT Corporation have underperformed recently. However, analysts are overwhelmingly optimistic about the company's long-term outlook.

This Dividend King Yields Over 4% and Trades Near Its 52-Week Lows, But Don’t Rush to Buy the Dip

PepsiCo is trading near 52-week lows while rival Coca-Cola is near its 52-week highs. However, a dividend yield of over 4% and tepid valuations make PEP...

Soybeans Bounce Off Intraday Weakness, Still Close with Losses

Soybeans saw losses of 2 to 3 ½ cents across most contracts on Wednesday, with deferreds fractionally mixed. The cmdtyView national average Cash Bean...

Cattle Rally on Wednesday

Live cattle futures posted gains of 42 cents to $2.22 across the board on Wednesday. Cash trade has been quiet so far this week following the $232-235...

Corn Extends Weakness to Wednesday

Corn futures closed down a penny to 5 ¾ cents across most contracts at the Wednesday close, as pressure continues. The front months took the brunt of...

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